SamDas
Returning Member

Investors & landlords

Geoffrey,

 

Somehow when I entered my gain info, I didn't get the 60% longterm and 40% shorterm split you mentioned above.  My $4500 in gain was actually increased my tax by 57%.  Did I do something wrong here?    Turbotax asked for Total Profit $6000 and total loss $1500, then it calculated box 11 total profit .