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Returning Member
posted Jun 4, 2019 4:27:00 PM

How can I have 17,000 in taxable income (all Cap Gains) and $0 Tax? Serious bug, and I am able to easily recreate it. TurboTax Basic for Mac 2018

line 10   $17,125

line 11       $0

line 13-15  $0

line 22       $0


0 1 782
1 Best answer
Expert Alumni
Jun 4, 2019 4:27:02 PM

This is quite possible if all your capital gains are long term. Your taxable income of $17,125 would put you in the 10% or 12% tax bracket and long-term capital gains are taxed at 0%.

Please read this TurboTax article:

https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8

1 Replies
Expert Alumni
Jun 4, 2019 4:27:02 PM

This is quite possible if all your capital gains are long term. Your taxable income of $17,125 would put you in the 10% or 12% tax bracket and long-term capital gains are taxed at 0%.

Please read this TurboTax article:

https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8