Hi, I am doing a 2024 tax return. I've been using Turbotax for years, so I think I'm a pretty experienced user.
My taxable income is $27, 922 (1040 line 15). I checked this on the forms as I switch back between forms and EasyStep. This is correct.
My capital gains (1040 line 7 is $3139), and this is long term gains. I checked the schedule D.
The clip level for 0% capital gains tax is $47,025, so my understanding is that I should not be getting taxed on the $3139 capital gains.
However, I am getting taxes on the capital gains. I tested this by added a fake line of $1000 in capital gains, and the tax went up.
Why is this happening? Am I misunderstanding something? or did I enter something incorrectly?
Thank you.
