It sounds like the capital gain is large enough that either the capital gains tax rate is higher, or it caused the loss of other deductions and credits.
A review of your Form 1040 may help to clarify what is going on. To review it follow these steps:
- Log in to your tax return at TurboTax.com.
- Click on Tax Tools on the left side of the screen (you may need to click on Continue in the center first).
- Click on Tools.
- In the box that pops up in the center, click on View Tax Summary.
- In the menu that now appears on the left, click on Preview My 1040.
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