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You must have some capital gains from sale transactions or capital gain distributions from a 1099-Div. Capital gains are taxed a the capital gains tax rate, which in your case is probably 15%. Your tax bracket for ordinary income is 22%. Check you return for an amount on line 7 If my math is right, it should be around $690.
Any long term capital gains taxed at 0% (or at a lower rate than ordinary income)?
I see where this is going, and I'm sure it will answer my question! Thank you!
Got it - thanks!
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