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Deductions & credits
I'm not sure why your capital gain income is being taxed so much. However, there should be a Qualified Dividends and Capital Gain Tax Worksheet in your list of schedules and forms that would show how your tax is being calculated.
Also, you may subject to an AMT tax. In that case, the capital gain income could make more of your income taxable at capital gain tax rates, and that could significantly increase your rate of tax.
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March 10, 2021
4:10 PM