Hello Turbo Tax family! (I’m using TurboTax Premier)
Q: For 2025 Federal Taxes Return, where in my forms (or in Turbo Tax software) can I find the actual dollar amount for the 15% tax on my Long-Term Capital Gains? (I am Single and my taxable income is less than $533,400 so I should be at the 15% rate for LT Cap Gains.)
Page 1, Line 7a on the front of my Form 1040, shows an amount for Capital Gains. This amount is added to my AGI, which makes it appear LT Capital Gain are taxed as ordinary income.
Schedule D shows both Short Term and Long Term Gains. Schedule D Line 16 matches Line 7a Form 1040. However, I can’t find the actual dollar amount of tax (15%) on these Capital Gains. Do I need to look somewhere else in my forms, or does the 15% tax calculation happen on the back side of the TurboTax software and we never see it?
As always, Thank You for your support and assistance!
(I understand Short Term CGs are taxed as ordinary income.)
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Look for the capital gains worksheet.
Great! Found it. I had to download the .pdf file for "Key Calculations". "Qualified Dividends and Capital Gain Tax Worksheet 2025" worksheet.
Thanks again for your help!
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