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After adding long term stock sales and its corresponding cost basis, refund amount reduces much larger than 15%. Is there a bug?
My federal refund was calculated to be about $9k before entering information.
Entered in dividend of about $750 and long term stock gains (includes cost basis) of about $16k (from stock sale of $22k). Considering 15% of $16k is $2.4k, why did my currently calculated refund drop from $9k to $5k?
Entered in dividend of about $750 and long term stock gains (includes cost basis) of about $16k (from stock sale of $22k). Considering 15% of $16k is $2.4k, why did my currently calculated refund drop from $9k to $5k?
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ā€ˇFebruary 7, 2021
9:54 AM