Deductions & credits

Thanks for your responses.

 

Marginal tax rate 35%, filing jointly.

 

Charitable donation 150k approx 38-42k tax deduction per different calculators.

 

So theoretically this could neutralize $200k of federal capital gains tax right?

(15% LTCG + 3.8% NIIT x 200k = $37,600 capital gains tax)