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The capital gains calculation for your mutual fund shares will depend on how long you held the shares. Long-term rates are 15% for most tax brackets. Short-term rates apply tax at your regular tax rate.
You can see the calculation on Schedule D Tax worksheet. You won't be able to view the schedule/worksheets until you pay for the software.
See calculator below.
http://www.moneychimp.com/features/capgain.htm
The capital gains calculation for your mutual fund shares will depend on how long you held the shares. Long-term rates are 15% for most tax brackets. Short-term rates apply tax at your regular tax rate.
You can see the calculation on Schedule D Tax worksheet. You won't be able to view the schedule/worksheets until you pay for the software.
See calculator below.
http://www.moneychimp.com/features/capgain.htm
Where do I find capital gains
Where do I find capital gains in your program?
Capital gains, losses, and 1099-B forms are all entered in the same place:
Your total capital gains for the year minus your total capital losses result in a net gain or a net loss.
You can deduct a net loss of up to $3,000 ($1,500 if married filing separately). Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.
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