The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/why-does-my-2011-turbo-tax-show-the-lt-cap-gains-30403880.aspx

Subject:  Re: Long term cap gains tax rate - 0% Date:  11/28/2012  6:44 PM
Author:  TMFPMarti Number:  117016 of 121564

why does my 2011 Turbo Tax show the LT cap gains I had on line 13

Bill has already answered your question. Just popping in to remind all that since most states use Federal AGI as a starting point for determining state taxable income, and none that I know of is also applying a zero rate to these gains, it will increase your state tab.

Phil
Rule Your Retirement Home Fool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us