I had a long term capital gain $8,700. Given my income I should pay 15% tax. TurboTax has added it to ordinary income on 1040 form. Where are the 15% calculations?

[f-mcmanus]

The long term capital gain is listed along with my pension, interest income, etc. and added together as ordinary income. I just don’t understand.  It seems to be calculated as if it were a short term capital gain.  I used TurboTax online, premier.

[rjs]

The fact that all your income is added together on Form 1040 does not mean that it's all taxed at the same rates, or that it's all taxed as ordinary income. The tax is calculated on either the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. Either worksheet separates long-term capital gain from other income and uses the appropriate rates for each type of income. In TurboTax Online the only way to see the tax worksheet is to save a PDF of your tax return with all forms and worksheets (not just the forms needed for filing).