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April 9, 2025
Question

Why am I being taxed on Capital gains of $22,771. When under $48,000 is tax free?

  • April 9, 2025
  • 1 reply
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No text available

    1 reply

    Employee
    April 9, 2025

    What is your taxable income on line 15 of your 1040?

    ATme5Author
    April 10, 2025
    No text available
    April 10, 2025

    Short-term capital gains are taxed as ordinary income according to federal income tax brackets.

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