Thank you so much! I figured out what was causing the increased tax. We had a bit of capital losses. Before we entered the capital gain, the losses were a deduc...
Aaand I found where the documentation of the lower tax due to capital gain is... It's on the Qualified Dividends and Capital gains worksheet... one the bottom m...
DUH ME!!!! thanks for reminding me how taxable income could increase....Lightbulb : so the capital loss of 1400 was coming of regular income but when I put in t...
Thanks again, we have no credits, no EIC or anything else, we take the standard deduction.... BUT we did have a approximate 1400 capital loss deduction... ... B...
Thank you,while you were responding, I had downloaded the complete tax tables and my tax amount is consistent with line 15 LESS the capital gain. So I looked up...
