My issue is pretty simple. I'm trying to see how my capital gains rate is 0%. My wife and I are well below the taxable income of $80,000 (more like 36,000). We had $14,003 in long term capital gains. TurboTax figured our tax to be $1796. Then I went back and changed the basis of our stock sales to render a zero ($0.00) long term capital gain, to see what would happen. I changed nothing else. With this the only change, TT figured our tax to be $613. Taxable income was significantly lower. How can this be, if we are supposed to be paying 0% on capital gains? Is TurboTax wrong?
