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dilawar
New Member

Due to a home sale, I knew I'd be pushed into 20% rate for a *portion* of my LT Capital Gains (not the entire LT CG)? TT says my LTCG was taxed at 20%. Is that correct?

 
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1 Reply
DawnC
Employee Tax Expert

Due to a home sale, I knew I'd be pushed into 20% rate for a *portion* of my LT Capital Gains (not the entire LT CG)? TT says my LTCG was taxed at 20%. Is that correct?

Your rate is dependent on your filing status and total taxable income; see below.   A Guide to Capital Gains

 

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