Capital Gain Tax

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Francisco Cornejo

• January 20, 2022 21:04

Dear Community,

I have a question about Long-Term Capital Gain Taxes. I used the calculator (https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates) with this info:

purchase price: $30,000    sale price: $60,000      2021 taxable income (excluding capital gain): $30,000                  more than 1 year              single 

How do you calculate the $10,400 portion that is taxed at 0% rate and the $19,600 portion that is taxed at 15% rate? I thought that the entire capital gains were taxed at the same rate once you are located in a bracket (in this case the $60,000 total taxable income in the 15% bracket). Thanks in advance.

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  Matt Paul Matthew Brackin

  • October 26, 2022 09:35

  Can someone help me how can I link my chime debit card to my nerd wallet

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