Okay thank you.
some more stuff.
1. this capital gain is from an estate does change anything on how it is taxed?
2. now the other part. I have from past years a long term capital loss carry over of 42000.
It appears turbo tax takes this carry over against the capital gains for this year.
I would believe the carry over should not be used and instead the tax (in this case no tax) would be computed as you explained above.
I have spoken with several turbo experts to no avail.
Thanks,
rick
