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Investors & landlords
Thank you for your answer.
Let's just add some hypothetical numbers:
Taxable ordinary income $425K, capital gain $25K. On the Qualified Dividends and Capital Gain Tax Worksheet the capital gain is calculated correctly with 15%. But if I add this $25K capital gain income in TT, the owed tax amount increased by 23.8%. What am I missing?
‎April 25, 2021
12:59 PM