You'll need to sign in or create an account to connect with an expert.
Long term capital gains are taxed at 0% if your tax bracket is 12% or less (less than $41,675 of taxable income for Single or MFS or less than $83,550 of taxable income for MFJ)..
However, long term capital gains are included in your taxable income for the calculation of your tax bracket, and that part of long term gain which crosses over $41,675 (Single or MFS) or $83,550 (MFJ) is taxed at 15%.
in effect, other income can make capital gains taxable. the calculation is done on the qual div and cap gain worksheet in Turbotax
here's the worksheet if you want to do a manual calculation to confirm what Turbotax has calculated
starts on D-16
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
NeUnhappy
New Member
tocguy
Level 3
rpmm
Returning Member
ccacioppo
Level 1
Flanda
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.