jessikaob
New Member

Why are my long-term capital gains being taxed when my total earned income is less than $40,000? Seems like a glitch in Turbotax software!

I've done my research. My taxable income is less than $40,000, which means that my capital gains should fall into the 0% tax category. And yet, Turbotax is trying to take thousands of dollars from me. What's the glitch? Is there some way I can fix it before I go pay a different company to prepare my taxes?