cr-stagg, Annette-
You are absolutely right - and I apologize for forgetting about that.
Yes, my sister had about $2,563 in Cap Gains that should have been only taxed at 15% vs. 22% since she was over the $40,525 12% limit.
I have spent a lot of time researching how Cap Gains affect your taxes and even went so far as to build a spreadsheet from the Qualified Dividends and Capital Gains Worksheet just to see how Cap Gains affect my own taxes. The Worksheet is somewhat hard to follow, at least for me (whoever did it is probably brilliant) but it works and plugging the figures in my Note into my spreadsheet, it comes up with $6,359 (as opposed to $6,357 calculated by TurboTax). I won't worry about the $2 difference - probably due to rounding of exact values in TurboTax, but it validates everything for me and resolves my question.
Yes, thanks for setting me straight (again) - and I really can't believe I overlooked that (will mark answered).
ron in shawnee
