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.

On the15% capitol gains tax, is the tax figured in the catagory of income?

On the15% capitol gains tax, is the tax figured in the category of income?

TIA Richard

 

I found the answer on the IRS web site. Form 8949 and schedule D are the worksheets necessary. After the computation is complete the dollar amount is entered on line 7 of the 2021 form 1040.

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.

1 Reply
OpeA1
Expert Alumni

On the15% capitol gains tax, is the tax figured in the catagory of income?

Looks like you answered your question: "I found the answer on the IRS web site. Form 8949 and schedule D are the worksheets necessary. After the computation is complete the dollar amount is entered on line 7 of the 2021 form 1040."

 

You are correct!

 

 

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

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