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stjoe27
New Member

Tax due?

Married couple. $200000. total taxable income. $140,000 of that is a long term capital gain. About how much tax is due?

 

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‎April 10, 2025 2:03 PM
last updated ‎April 10, 2025 2:03 PM
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JamesG1
Expert Alumni
Expert Alumni

Tax due?

Many variables.  

 

Are taxpayers over age 65?  Are there itemized deductions or the standard deduction?  Does the $60,000 that is not a LTCG include qualifying dividends?  Does the LTCG report a collectible?  Is net investment income due?

 

A Qualified Dividends and Capital Gain Worksheet may report your gain at 0%, 15% and 20%.

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‎April 10, 2025 2:33 PM
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