Get your taxes done using TurboTax

Also...other things to consider in addition to the AMT

 

You are only looking at the refund meter

 

1)  IF you are retired and receiving SS income, the extra income may be making more of your SS income being subject to taxes.

2)  Sometimes the extra income increases yoru AGI to a point that certain other credits are reduced.

 

The only way to know what exactly is happening is to get a full PDF copy of your tax file (with all the calculation worksheets)  both before, then after the stock transactions are put in, then go over it all line-by-line.

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Oh...

3)  IF you imported your stock sales, make sure the basis is reported properly for each.  Especially for non-covered long-term sales...for some non-covered sales, their "basis" may not be part of the import file, or coming in as a zero, and falsely increasing your gain.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*