I have read a few of the posts on this topic, and the instructions that come along with the forms, but am still a bit perplexed.If I have one long term capital gain item, and no short term gains or losses, it appears that I cannot use the tax calculation provided in section 4 of schedule D, and must include the LT cap gain as ordinary income, taxed at the higher rate. The gain item is from the sale of a property bought to rehab and sell, never rented or lived in. Have I missed something? Should I struggle to find something that qualifies as a short term cap gain so I can use section 4 to calculate the taxes owed? This seems counter-intuitive, but WDIK.Thanks.Catharine
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