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[Event] Ask the Experts: Investments: Stocks, Crypto, & More
Hello,
Any type of capital gain will increase your AGI (Adjusted Gross Income) and you might not be eligible to claim certain credit because of higher AGI, but long term capital gain will not push you to higher tax bracket. Your total income will decide at what rate you will pay the long term capital gain tax but your other income will not be pushed into higher bracket because of that.
If it was a short term gain, then you will be pushed into higher tax bracket.
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Regards,
TurboTax Expert
a week ago
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