Basith
Returning Member

Get your taxes done using TurboTax

Ok can you please explain this statement from the IRS website regarding capital gains? The link is here, Topic No. 409 Capital Gains and Losses | Internal Revenue Service (irs.gov)

 

Some or all net capital gain may be taxed at 0% if your taxable income is less than or equal to $40,400 for single or $80,800 for married filing jointly or qualifying widow(er).

 

Thanks