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Get your taxes done using TurboTax
@curious4913 wrote:
Ok so if gain is 150k and income is 10k ...I have to consider total income of 160k and so gains tax rate would be 15%? of 160k? which will be 24k?
No, you would also have to take your standard (itemized) deductions into consideration and then the fact that the first $39,375 is taxed at the 0% rate - so, far less than $24k.
‎December 14, 2019
10:25 AM