@WBT66
Yes, Line 7 does not signify whether it was long term or short term gain.
Yes...Line 7 does add in short term gains, with long term gains, and with box 2a of any 1099-DIV....BUT...how it is being taxed is divided up and handled properly in the background. Usually on the "Qualified Dividends and Capital Gain Tax Worksheet"....but occasionally on one of a couple other possible tax computation worksheets.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
