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Get your taxes done using TurboTax
I am analzying my long term capital gains tax associated with sale of stocks, mutual funds and a house. I am married and filling jointly with a joint income below $400k including capital gains. Based on income, the federal capital gains rate should be 15% (according to the current tax law which may or may not change). However when I plug in a capital gain of $10,000, Turbo tax 2021 calculates a $2000 tax due equivalent to a 20% rate. Is there a bug in the software that requires a software update?
‎December 12, 2021
12:48 PM