If the LT cap gains tax rate is zero for 15% tax bracket, why does my 2011 Turbo Tax show the LT cap gains I had on line 13 if my TAXABLE INCOME was well below the $69,000 at the top of the 15% tax rate bracket for married filing jointly?I usually trust Turbo Tax and somehow doubt this is their mistake. What mistake might I be making? =========================================The only mistake is understanding where the zero rate comes into play.Capital gains are still reported on line 13 of page 1, 1040, and like qualified dividends, are included in your adjusted gross income, and for that matter, your taxable income on page 2.The zero rate on those items comes into play on the "qualifed dividend and capital gain tax worksheet", which TurboTax will generally handle quite well.Bill
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