TaxGuyBill
Level 15
12-07-2019
03:27 AM
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Just because Line 38 of the Schedule D worksheet shows a tax at 25% does NOT mean it is actually being taxed at 25%. Look at Lines 42-45.
If you look at the income tax on the 1040 then remove the 1250 gain from the program, you will see that it is not being taxed at 25%.
If you look at the income tax on the 1040 then remove the 1250 gain from the program, you will see that it is not being taxed at 25%.