Lets say I have 200$ long term gain and 100$ short term gain
I believe long term capital gains are taxed separately then short term gains, where is this reflected in forms. In form 1040 , I see in Line 7 its added as 300$ and Interest is calculated based on my w2 wages(say 1000$) + 300$? Where do I see that tax is getting calculated different for 200$? Appreciate your help.
