Thursday, January 5, 2012

I'm puzzled about IRS Sch. D and how Part II long term gains get ociated with 15% tax rate?

I have both short and long term gains and can fill them into Schedule D Parts I and II to get lines 7 and 15, but it then appears they get combined into line 16 which then goes to line 13 on my 1040. And gets taxed fully. What am I missing ?

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