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It looks like on my tax statement from last year that my long term capital gains were taxed as ordinary income and were taxed at the same rate as my entire income. Ideas?

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VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

It looks like on my tax statement from last year that my long term capital gains were taxed as ordinary income and were taxed at the same rate as my entire income. Ideas?

Why do you think that?  Even though it shows up as income on the first page, If you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D.  The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet.  It does not get filed with your return.

 

In the online version you need to save your return as a pdf file and include all worksheets to see it.

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VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

It looks like on my tax statement from last year that my long term capital gains were taxed as ordinary income and were taxed at the same rate as my entire income. Ideas?

Why do you think that?  Even though it shows up as income on the first page, If you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D.  The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet.  It does not get filed with your return.

 

In the online version you need to save your return as a pdf file and include all worksheets to see it.

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