I file my taxes jointly. I'm the only one with a W2.
I did my W2 and I have a credit of 660
After I downloaded my stock activity that consists of:
Long term sales with cost basis reported to IRS of 92,252.77
and
Short term sales with cost basis reported to IRS of -8393.82
I have a federal tax due of 8840.
From what I've read the Long term capital gains are taxed at 0 for first 80K and 15% thereafter.
Short term there is no gain so I'm not sure how turbotax came up with 9000 taxes. Any help will be appreciated.
Thank you,
Chris
