2971041
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

My Fed tax due increased by more than 15% of long term capital gains. Why is that?

In middle of bracket for 15%
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
BillM223
Expert Alumni

My Fed tax due increased by more than 15% of long term capital gains. Why is that?

Any chance you are using the CD/download product? If so, you can go into Forms mode and look for the Qualified Dividends and Capital Gains Worksheet (abbreviated as Qual Div/Cap Gn) and see how the tax is calculated.

 

If you are using the Online product, you will need to pay for your return in order to see this worksheet.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

My Fed tax due increased by more than 15% of long term capital gains. Why is that?

 Net Investment Income Tax 3.8% on top of Long Term Cap Gains.  Didn't know about it.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question