Ok, one last time. The capital gains are counted as part of my income, but are taxed at a separate rate (15% in this case). The fact that it's still counted as part of my income is important because it may disqualify me from contributing to a Roth IRA or other benefits that are have specific income limits.Right. As Bob78164 correctly notes, it's not necessarily as simple as saying your tax will increase by 15% of your LT capital gain - other things, like phaseouts, may come into play. Also as Bob78164 notes, the best way to see what happens is to run some numbers. Take your just-concluded tax return, add in $10,000 (or whatever is appropriate) in LT cap gains, use the Sched D worksheet to work out your tax, and see what the result is. Just be aware that some things (like itemized deductions or credits) may change because your AGI is larger.Lorenzo
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