vb10123
New Member

Why is TT calculating 30% tax for long term capital gains. I double checked that I entered as a long term gain.

Turbotax is charging more than 15% for long term capital gains entries in the Federal Refund/Tax "in progress" tool - a nearly 30% tax. I've double checked that I am selecting "Long Term" in the drop down box, My ordinary income tax rate is not even that high in the event that TT is erroneously calculating as a short term gain.  Any suggestions to resolve this? Is it a bug?