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How do I see that the capital gains rate on LTCG has been recognized? On the main form, it looks like I just add all capital gains up to get taxable income.

 
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How do I see that the capital gains rate on LTCG has been recognized? On the main form, it looks like I just add all capital gains up to get taxable income.

All capital gains are added to all your other income in order to determine your taxable income, but that doesn't mean that long term capital gains are taxed at ordinary income tax rates.  Long term capital gains and qualified dividends are taxed at lower Long Term Capital Gains rates while the rest of your income is taxed at ordinary tax rates.  The two are added together to come to your tax liability for the year.

 

Look at the "Qualified Dividends and Capital Gain Tax Worksheet " to see this calculation.

 

 

How do I see that the capital gains rate on LTCG has been recognized? On the main form, it looks like I just add all capital gains up to get taxable income.

Thank you. Very clear the way you explained the subject. 

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