MinhT1
Expert Alumni

Get your taxes done using TurboTax

No, TurboTax will apply the appropriate tax rates for short term and long term capital gains.

 

The total capital gains are reported on line 6 of form 1040, but short term and long term gains are reported separately on Schedule D. Short term gain/loss is on line 7 of Schedule D. Long-rem gain loss is on line 15.

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