I understand that LTCG is added to regular income to determine its bracket, and taxed appropriately. But I expected to see the 12k deduction subtracted from the regular income, and then taxed as income tax. The summary shows the LTCG added to regular income, the deduction subtracted, and that total as taxed at the blended tax rate. How do I force Turbo Tax to interpret the stock sales as long term? Is it the "uncovered security" status that's screwing this up? Would it behave differently if it were type D "covered"?
