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Selina A.

asked • 09/03/20

Are the LT capital gains tax rates based off gross income or AGI?

Say a single filer has 2019 wages of $50,000 and LT capital gains of $10,000. Would I use $60,000 to determine my capital gains tax rate or $47,800 ($60,000 less the 2019 standard deduction)? I realize that both of these amounts would result in a 15% capital gains tax rate.

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