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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?
‎April 30, 2021
6:01 AM