Originally Posted by audreyh1
Yep! Sweet, huh?
Yeah, it's 'sweet' alright! At least for Uncle Sam.
I was thinking - OK, so a combo of income and LTGC took me over the taxable income threshold, so once I'm over, the LTGC tax will apply to those gains as a percentage of their contribution. But nooooooo! Those LTGC go to the 'top of the class'!
I guess all those lines in the Sched D and worksheets play out this little game with a bunch of subtract line x from line y, carry over to line z, multiply by zzy%, etc.