Sid-Gupta
New Member

My long term Capital gains are added to regular income for tax calculation by turbo tax. has anyone else experienced this?

my long term capital gains on stock transactions should be taxed at 20% and i see that all of these transactions are marked as box D or E on 1099B. when i compare turbo tax calculation with my hand calculation using IRS rates, it seems like turbo tax is using regular income tax rates for these long term capital gains. how do i correct this?