Seeking a bit more understanding why the taxable income of $83K which includes gain (boot) and other; only calculated tax of $759? Am I suppose to override something to trigger overall tax? Does this sound right to have taxable income of $83k and the system only calculated $759 tax? Thank you in advance.
Look at the worksheet and follow the calculation. Long-term capital gains are generally taxed at lower rates than ordinary income. Been that way for a number of years
Look at the worksheet and follow the calculation. Long-term capital gains are generally taxed at lower rates than ordinary income. Been that way for a number of years
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