Jchad0012
Returning Member

Get your taxes done using TurboTax

When I put the proceeds for the gain in to turbo tax the amount returned changed by a difference of 34%.  So for instance say I was getting back $5000 and I put a long term gain of say $30,000 my return went from receiving $5000 to owing about $5200.   That is definitely more than the 15% that I was expecting it to change.  I was expecting it to return to close to zero.  Does this make sense?