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No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

Hello line number
41 changed,
43changed.
46changed.
47changed.
56 changed.
All changed when I changed the capital gains

Thanks Please advise

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

Duplicate

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

Duplicate

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

Duplicate

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

removed
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

removed
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

Ok... @TaxGuyBill seems to have evaluated it, my stuff is unnecessary.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

No Tax on Capital gains is in the 10 - 15% tax bracket. Income is showing the capital gains and is being taxed.

Line 46.  There you go.

So your actual income tax on Lines 44 and 45 did not change.  So the capital gains are not being taxed for income taxes.

However, Line 46 changed. That is the Premium Tax Credit for having health insurance through the Healthcare Marketplace.  That credit is based on all of your income, including Capital Gains.  So when your income increases (such as Capital Gains), your Premium Tax Credit decreases. So your repayment of the Premium Tax Credit on Line 46 will cause your overall tax payment to increase.

So even though the Capital Gains are not directly taxed, that 'extra' income is affecting other things on your tax return (the Premium Tax Credit on Line 46) which increases your overall tax payment.


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