No Tax on Capital gains is in the 10 - 15% tax bracket. The problem is Capital Gains is showing in the income section and is being taxed. It should show as zero in income, or at least should not be taxed.
Example
Income:
$5800 working
$11700 Unemployment
$7000 Conversion to Roth from a 403b
$2000 Dividends
$3800 Capital Gains
Total income that should be taxed is should be $26,500
The probable is that the capital gains should be $0.0 in the income, but it is not. The whole $3800 is being taxed.
I'm using the Deluxe Turbo Tax
Married filing Join
Is this right or is there a problem with Turbo tax?
