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Deductions & credits
maybe - not enough facts
if there real estate you sold your personal residence? did you live there 2 of the last 5 years? if yes to both questions, then there is no capital gains tax
if the real estate you sold was investment property, then you add the capital gains to the 'taxable income" (which I suspect you mean was your W-2 income), so you are way above $78K ; there is also recapture tax from the depreciation.
so hard to give you a definitive answer on such limited information.
‎December 1, 2022
3:15 AM