Deductions & credits

DaveF1006- 

 

Thanks for this workaround info. That I can follow

 

I entered my figures as you stated and the total is moved over to Schedule D as long term capital gain 

 

But I thought there was a 'preferential tax rate' for long term gains but I don't think I"m seeing any sort of 'discount' on these gains. As far as I can see, they are handled at the same rate as w2 income (?) 

 

I assume this is delusional optimism but Somewhere I had read that long term capital gains for those with gross incomes below $80k are taxed at 0%. Not the case?