Sid-Gupta
New Member

Get your taxes done using TurboTax

Thanks. I did expect the capital gains to be shown on my returns. but the tax calculation was off between my math and turbo tax calculation. and the difference was about how much i would have seen if long capital gains were considered as regular income. anyways, i figured the missing piece in my calculation. i did not know about the additional medicare tax and NIIT. if i add that, then my calculation aligns with turbo tax. since i am using turbo tax and not a CPA for the first time in 7 years, thought of doing a thorough check to make sure i get it right and understand my return well.