Hi,
The long term calculation formula on nerd wallet:
0% for $0-$40,400, 15% for $40,401-$445,850, 20% >$445,851
1. I this the formula turbo tax uses for a long term capital gain?
2. Is the Net Investment Income Tax @3.8% an additional tax added to the long term capital gain?
I feel like I am being taxed twice on the same long term capital gain? Thanks! David.
