Thanks for the response!
Sorry. I used confusing terminology.
What I should have said is that I am contemplating realizing all $227,000 in long term Capital Gains in calendar year 2020 when I have no earned income in anticipation that the net tax rate on the long term gain would be ZERO.
I ran this through the Tax Caster as suggested and added the following relevant information:
Head of Household
1 dependent under 13
$19,000 Mortgage interest
$4,500 Property tax
$2,000 Charitable
The result was:
2018 Estimated Federal Amount Owed
(After Tax Reform)
$23,508
Therefore, it seems that there must be some Cap on the amount of long term Capital Gains that can be realized at the 0% rate, but I cannot determine the calculation.
Potentially, I could spread the gain over more years at the 0% rate if I understood the calculation methodology.
