turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Does the taxable income amount include capital gains to determine what the capital gains tax rate will be if I plan to sell a stock?

For joint filers with Taxable Income is less than 83,350 the Fed Cap gain tax rate is ZERO% then 15% if income is above 83,350. But if my only earned income is $80k and sell stock with $100k Cap Gains does that mean my taxable income is now higher ($180k) therefore resulting in a higher Cap Gain rate of 15%?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Does the taxable income amount include capital gains to determine what the capital gains tax rate will be if I plan to sell a stock?

The amount of capital gains which takes you over the zero taxed amount is taxed at 15%. 

Does the taxable income amount include capital gains to determine what the capital gains tax rate will be if I plan to sell a stock?

YES, with $180K in taxable income of which $100K is long-term gain and the balance ordinary income then on a joint return most of the $100K will be taxed at 15% actually $100,000 - 3,350

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question