ljwalters Posted April 6, 2009 Report Posted April 6, 2009 Client is in 10% tax bracket no taxes due until I put in his capital gains of 23,000. He emptied his stock portfolio. Why isn't he getting the 0 capital gains rate? Linda and buddy Quote
David1980 Posted April 6, 2009 Report Posted April 6, 2009 How much was the taxable income before the capital gains? The extra income from the capital gains is probably pushing him into a higher tax bracket. Quote
ljwalters Posted April 6, 2009 Author Report Posted April 6, 2009 no short term gains. his total agi before the capital gains was 14,000. Linda and buddy Quote
mcb39 Posted April 7, 2009 Report Posted April 7, 2009 What about SS.? Does that come into play as being taxable once he enters CGs.? So many incidents this year where taxpayers did something without asking and forced tax on SS. Quote
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