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D
davidharvison
April 8, 2022
Question

tax on capital gains

  • April 8, 2022
  • 2 replies
  • 0 views

Why are the capital gains included as regular income?

2 replies

M
MayaD
April 8, 2022

short-term gains do not benefit from any special tax rates. They are subject to taxation as ordinary income

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M
Mike9241
April 9, 2022

many items are based on adjusted gross income and AGI by law includes both short-term and long-term capital gains (LTCG). however, there is a preferred tax rate applied to LTCG. Turbotax has a worksheet that computes this tax.

 

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