@soyuppy wrote:
My current 1040 form
Is "current" 2020 or 2021?
@soyuppy wrote:
How is this possible? 10K LCTG gain has $8,244 tax liability and push up AGI?
Increasing AGI above $150,000 could have affected many other things on your tax return, as VolvoGirl suggested. If you are looking at 2020, it would make you ineligible for the unemployment exclusion. For either year it could have reduced or eliminated a number of other credits or deductions. So the additional $8,244 tax is not only tax on the long-term capital gain. Go through the Form 1040 and Schedules 1, 2, and 3 and see what else changed.
