My mutual fund reported $6.6K of Total Capital Gains in Box 2a of there 1099-DIV. TurboTax has placed that exact amount in Box 6 of my Form1040 and I'm being taxed on it. But shouldn't it be 0% tax because my taxable income (filed as Married Jointly) is only $64K, this is well under the $78,750 trigger point when CG gets taxed. Why am I being taxed on the Capital Gains as ordinary income?
