Selling stocks to pay off mortgage
We want to pay our home mortgage off by selling some stocks we have held for a long time. We owe 190k on the mortgage. Our regular income is only 20k this year. How much will selling this stock affect us tax wise? We understand we have to pay a 15% capital gains tax on the "gain" from the sale. Where do we show the total amount we received and also the "gain" we are being taxed on? We know we use the Schedule D and a Form 8949. Thanks for any help you can provide.
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