TurboTax doesn't seem to be calculating long term capital gains correctly. It tells me that everything is being taxed at 20%.

posted

Connect with an expert

2 Replies

A capital gains rate of 20% applies if taxable income exceeds the thresholds showing below:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Shouldn't the program be taxing 15% for everything under $518,900, and 20% for everything over? Thanks!

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.