Get your taxes done using TurboTax

there is only one scenario. you simply add the short term gain to your wages.  You never stated whether you are single or married, but I will assume marreid 

 

1) your wages are $100,000 and add to that the hypothical the $218,000 profit = $318,000 of adjusted gross income. 

2) Then subtract the standard deducton of $25,900 leaves taxable income of $292,100.

3)if you look below, adding $218,000 means some of it is taxed at 12%, some at 22% and the rest at 24%

 

 

      
           (Single)
                         (Married Filing Jointly)

10%

Up to $10,275

Up to $20,550

12%

$10,276 to $41,775

$20,551 to $83,550

22%

$41,776 to $89,075

$83,551 to $178,150

24%

$89,076 to $170,050

$178,151 to $340,100

32%

$170,051 to $215,950

$340,101 to $431,900

35%

$215,951 to $539,900

$431,901 to $647,850

37%

Over $539,900

Over $647,850