I don't believe there is a bug.
@SteamTrain hit the nail on the head.
Quick and dirty:
- $59,000 CG x 15% = $8,850
- Income 265,000+59,000+4,000= $328,000
- $328,000 - 250,000 = 78,000 x 3.8% = $2,964 (this is your net investment income tax)
- CG $8,850 + NIT $2,964 = $11,814. This is approximately the amount you were referring to in your original post
- Obviously there are some adjustments, rounding, etc. to the income that I don't have, but I believe once you factor those in you should see the result is correct.
- I believe all is good as 15% + 3.8% = 18.8% figure which is where you are coming out.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
