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Taxation of long term capital gains
My ordinary income (total taxable income without capital gains) is less then $36,650 (single). Everything I have read says therefore my tax rate on capital gains is zero. I have $1,000,000 of LT cap gains. When I use "Qualified divs & cap.gains Worksheet" it shows I have to pay income taxes. What is wrong with my thinking that I should not have to pay taxes on these gains? Thanks.
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‎June 7, 2019
3:59 PM