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Line 13 of Schedule 1 reports the total capital gains, both long term and short term. This total is added to your other income.
Then, since there are capital gains on your return, your total tax will be calculated using the Qualified Dividends and Capital Gains Tax Worksheet instead of the tax tables. The worksheet will apply the long-term capital gains rate to the portion of the capital gains reported on Line 13 that were long-term.
Line 13 of Schedule 1 reports the total capital gains, both long term and short term. This total is added to your other income.
Then, since there are capital gains on your return, your total tax will be calculated using the Qualified Dividends and Capital Gains Tax Worksheet instead of the tax tables. The worksheet will apply the long-term capital gains rate to the portion of the capital gains reported on Line 13 that were long-term.
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