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Investors & landlords
Actually, its pretty straight forward. I added W2 income of 265k. It said some $500 due. The I added securities sale. I had 55 sales for a total gain of 60k. in That 1k was short term. So 59k was long term. When I add it, the tax due goes from around 500 to 12500. So it effectively calculated 20% tax on the 59k returns. I was expecting it to calculate, 15% and make it 9500. It seems like its applying 20% bracket for capital gains tax instead of 15%.
March 19, 2022
10:19 AM