I have entered the gain on a long term collectible that I sold in 2019. As I understand the tax code, there is to be a 28% tax on the entire gain. Turbotax is calculating a total tax liability (that includes all my other income too) that is far lower than 28% of the gain I am claiming. What might cause this to happen? Is there a problem with TurboTax in this detail? When I go through the forms I see that the gain is entered in what appears to be the correct places and reference is made to the form 8949 and I have checked box F. Any ideas are appreciated. Thanks.
