Business & farm

Ultimately, the capital gain or loss on Schedule D is combined with other income and loss to compute the total tax on Form 1040. 

You have to look at the worksheet that was used to calculate your tax liability.   On your Form 1040 Wks (worksheet) look under Line 15, at the Tax Smart Worksheet, it will show the worksheet you need to reference to see your tax calculation.   In the example below, you have to look at the Qualified Dividends and Capital Gains Tax worksheet to see the calculation.  Check your Form 1040 worksheet to see which tax worksheet to reference - it will be included in your tax return to review.   @sweitzron