why if $700K in LTCG is AGI only $200K.
$200K less say a standard deduction of about $12K that leaves taxable income of about $188K. and assuming filing status is single.
About $40K is taxed at zero leaving about $148K taxed at 15%. so taxes would be about $22K. but since key info is missing the taxes could be substantially different.
MFJ about 80K taxed a zero leaving $108K taxed at 15%
