Why does my tax due go up when I include long term capital gains, even though I'm still in the 15% bracket, where long term capital gains are supposed to be taxed at 0%?

Forum|Forum|7 years ago
June 6, 2019
1 reply
51 views

All previous answers say is that "Turbo Tax figures your tax correctly." Well, no it doesn't seem to.

TurboTax Deluxe Windows

Best answer by SweetieJean

While your long-term capital gains may be eligible for 0% rates, it is still income itself, potentially impacting certain deductions and tax credits, and the taxation of Social Security.

SweetieJean

Answer

Alumni - Champ

While your long-term capital gains may be eligible for 0% rates, it is still income itself, potentially impacting certain deductions and tax credits, and the taxation of Social Security.

Critter

Level 15

Since you are using the downloaded program switch to the FORMS mode and look at the QDCGT worksheet to see just how the tax is being calculated. Also review your form 1040 before & after entering the stock sale to see just what is being effected.