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I sold vacant land that I owned since 2016 at a loss in 2020. TurboTax taxes this at my top tax bracket of 37% instead of the 20% L/T capital G/L rate. Is that correct?
kuijper1
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I sold vacant land that I owned since 2016 at a loss in 2020. TurboTax taxes this at my top tax bracket of 37% instead of the 20% L/T capital G/L rate. Is that correct?
February 28, 2021
5:40 AM
