If you are in the 10% or 15% tax bracket for 2017, the capital gains tax rate is 0%.
That's right 0%.
The taxes are not computed using the Tax Rate Tables when you have Capital Gains and/or Qualified Dividends.
Please click on this link for more details on this.
Your tax computation is correct providing all the income has been reported.
TurboTax has a 100% Accuracy Guarantee on the tax computation.
Do you have capital gains and/or dividends making up a large amount of the taxable income on the return?
Yes, but there is no schedule attached or any box "x'd" on tax line to clue you in on tax calculation. Just looks like you should have gone to tax tables to calculate tax. Thanks for your help!
If you are in the 10% or 15% tax bracket for 2017, the capital gains tax rate is 0%.
That's right 0%.
The taxes are not computed using the Tax Rate Tables when you have Capital Gains and/or Qualified Dividends.
Please click on this link for more details on this.
Your tax computation is correct providing all the income has been reported.
TurboTax has a 100% Accuracy Guarantee on the tax computation.