Capital Gains Estimator behaves strangely if CG Tax Rates are changed (edit)

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leishirsute
leishirsute Member ✭✭✭✭
edited July 2023 in Investing (Windows)

The Capital Gains Estimator recommends short/long term rates of 22%/20% which is incorrect. It should be 22%/15% based on my data. When I override the estimator and select 22%/15% tax rate, the estimator no longer includes the existing capital gains/losses in its calculations, which throws off tax due calculations in the estimator.

Is there a way to select 22%/15% and have the estimator import the correct existing capital gains that are shown in the Tax Planner and the Capital Gains YTD report?

Is the estimator recommending 20% for worst case long term tax rate rather than analyzing the actual capital gains data?

Deluxe R55.26., Windows 10 Pro

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  • Ps56k2
    Ps56k2 SuperUser ✭✭✭✭✭
    edited June 2023
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    just curious - where is this CG Estimator & associated tax rates…. I'm looking on the Tax Planner ?

    what version - Deluxe or Premier - and release …. Help —> About Quicken

    HA… guess I keep asking -

  • leishirsute
    leishirsute Member ✭✭✭✭
    edited June 2023
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    When you're in the Tax Planner, go to the upper right Tax Tools button and the Estimator is there.

    It can also be accessed from the Tools button under the Investing tab.

    The Tax Rates are listed under the Rates item in the top bar of the Tax Planner. I can't see a way to set my own rates. (probably a good thing)

    Deluxe R55.26., Windows 10 Pro

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