I sold some stocks in 2024 after holding for more than 1 year and had long term capital gains (LTCG) of ~$86k.
Does this get added to my AGI and push me in the higher income tax rate for regular income?
How is normal/regular income taxed if LTCG puts you in a higher tax bracket?
My filing status is married filing jointly and assuming all deductions in the following:
> Projected 2024 W2 regular income is ~$401k (after std deduction, 401k, medical and HSA)
> Anticipated 2024 income from rental property is ~$17k after QBI and depreciation.
> Other taxable income from trading (ST), interest and dividends estimated to be ~$10k
== Est. Total Regular Income = ~$428k
LTCG = ~$86k
Finally, will the LTCG impact child tax credit?
