turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is capital gain part of AGI?

I got $178K long term capital gain (LTCG) in 2023.  I got $66K short term capital loss carry forward from 2022.   I expected $40K from retirement income and dividends in 2023.

 

Having above and nothing more from tax activities perspectives, what's my AGI for 2023?  What rate would I be taxed on for my LTCG?  Since AGI affects my medicare premium, it's crucial for me to know ahead of time what my AGI looks like.  

 

Thank you,

Maureen

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
1 Best answer

Accepted Solutions

Is capital gain part of AGI?

agi based on what you provided

LTCG         +178

STCLCO       -66

OTHER      +  40

AGI               152

 

can't give you an estimate of your tax without knowing your filing status and whether you itemize or take the standard deduction. and if you itemize what do you estimate it to be for 2023. the amount of qualified dividends also matters because that's taxed like LTCG.  other factors could affect your taxes.

here's a link to one 2023 tax estimator. there are others available on the web.

 

some of you net LTCG and Qualified dividends will be taxed at 15% some at 0%. so you can do your own calculations.

 

https://www.efile.com/estimate-taxes-refund-and-calculate-your-2023-return/ 

View solution in original post

2 Replies

Is capital gain part of AGI?

agi based on what you provided

LTCG         +178

STCLCO       -66

OTHER      +  40

AGI               152

 

can't give you an estimate of your tax without knowing your filing status and whether you itemize or take the standard deduction. and if you itemize what do you estimate it to be for 2023. the amount of qualified dividends also matters because that's taxed like LTCG.  other factors could affect your taxes.

here's a link to one 2023 tax estimator. there are others available on the web.

 

some of you net LTCG and Qualified dividends will be taxed at 15% some at 0%. so you can do your own calculations.

 

https://www.efile.com/estimate-taxes-refund-and-calculate-your-2023-return/ 

Is capital gain part of AGI?

Perfect.  Got it.  Thank you for a quick reply.  It helped.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v