Long term capital gain

[gobipat1]

Hi,

For the long term capital again for $3829 ,  TurboTax taking off $911  (24%) from my refund .

For long term it should be 15% , not sure why they are considering the long term as short term . I called their support also , but no answer for my question. can any one answer 

[ThomasM125]

The capital gains may be affecting deductions, such as a qualified business income (QBI) deduction. The QBI deduction can apply to business and partnership (K-1 form) income. Such a deduction would be reduced if you report capital gains. There could also be other similar things going on. I suggest you look at your form 1040 before and after you enter the capital gain and see what changes in addition to the capital gain income and income tax. 

[Mike9241]

look at the cap gain and qual div worksheet where the tax on capital gains and qualified dividends are computed.   more income can also reduce deductions, create a net investment income tax and or alternative minimum tax.  

[gobipat1]

Hi,

Thanks for your reply .I check the sheet and its showing 15%  $586 , but I was wondering before adding the Long term capital again for $3829 , my refund was $4624  , after adding my capital again refund was reduce to $3713.

what might be the reason instead of deducting $586 from refund , it deducted  $911