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Long Term Capital Gain Tax
I have made approximately 20,000 USD by selling some stock I have. Since I sold it after owning it for over a year, I thought I would not get taxed at all (tax bracket indicates that capital gain tax of 0% will be applied for profit under 40,000 USD). However, Turbotax is asking me to pay ~900 USD. Is there something that I do not know?
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May 6, 2024
3:54 AM