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swansome
New Member

Confusion on treatment of long term capital gains

I'm using the downloaded Turbo Tax Basic.

 

My long term capital gains download properly from Vanguard, but it seems to me they are treated as ordinary income - Schedule D line 8b and line 15 - there doesn't seem to be any difference if they were long or short term gains.  Am I missing something?  How do I correct this?

 

Thanks, Mark

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1 Reply
DanaB27
Expert Alumni

Confusion on treatment of long term capital gains

The tax rate on long term gains is either 0%, 15% or 20% and is calculated on the Qualified Dividends and Capital Gain Tax Worksheet.

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