I just ran another practice 1040 and made the only capital gains as a sale of stock with a long term gain of 20000. The same results. The 20k flows right from l...

I guess it is a matter of how you say it. "There is no capital gains tax"This is true. No ADDITIONAL percentage of your capital gains is added to you taxes belo...

When I look at my 1040 the capital gains shows on the capital gains line and appears to flow through to ordinary income and all deductions are taken from that w...

I did not mention that the property was rental that I will show a small profit on. does that change the situation. have held it for 5 years with a profit report...