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I am in 15% tax bracket. Do I pay tax on capital gains? It appears that TurboTax increased my tax liability when capital gains were added.

 
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Hal_Al
Level 15

I am in 15% tax bracket. Do I pay tax on capital gains? It appears that TurboTax increased my tax liability when capital gains were added.

You tax rate on long term capital gains is 0%, short term gains (held less than 1 year) are taxed as ordinary income (15% in your case). 

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Hal_Al
Level 15

I am in 15% tax bracket. Do I pay tax on capital gains? It appears that TurboTax increased my tax liability when capital gains were added.

You tax rate on long term capital gains is 0%, short term gains (held less than 1 year) are taxed as ordinary income (15% in your case). 

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