Before entering my Capital gains:
Total Income: $409,389
Deductions: 26,265
Taxable Income: $371,134
Federal Credits: $2,000
Federal taxes you Owe: $81,740
Refund shown was: $4,343
After entering my Long term capital gains of $52,150
Total Income: $461,539
Deductions: 26,265
Taxable Income: $423,284
Federal Credits: $0
Federal taxes you Owe: $91,877
Tax Due: $7,794
My Long term capital gains are within 15% tax bracket. So I would expect the tax on $52,150 to be $7823.
Why am I seeing going from a refund of $4,343 to Due of $7,794 (a change of $12,137).
ps: I am using Turbo Tax software.
