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Subject:  Re: Long term cap gains tax rate - 0% Date:  11/28/2012  6:44 PM
Author:  TMFPMarti Number:  117016 of 127753

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.

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