How can I have 17,000 in taxable income (all Cap Gains) and $0 Tax? Serious bug, and I am able to easily recreate it. TurboTax Basic for Mac 2018

apoolitical · ‎June 4, 2019

line 10 $17,125

line 11 $0

line 13-15 $0

line 22 $0

MinhT · ‎June 4, 2019

This is quite possible if all your capital gains are long term. Your taxable income of $17,125 would put you in the 10% or 12% tax bracket and long-term capital gains are taxed at 0%.

Please read this TurboTax article:

https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8

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

View solution in original post

MinhT · ‎June 4, 2019

This is quite possible if all your capital gains are long term. Your taxable income of $17,125 would put you in the 10% or 12% tax bracket and long-term capital gains are taxed at 0%.

Please read this TurboTax article:

https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8

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

Expert does your taxes

Do it yourself

Resources

Support

How can I have 17,000 in taxable income (all Cap Gains) and $0 Tax? Serious bug, and I am able to easily recreate it. TurboTax Basic for Mac 2018