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Old 06-17-2013, 05:39 PM   #21
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Join Date: Sep 2005
Location: Northern IL
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Originally Posted by audreyh1 View Post
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.


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