fairira………..I agree that your calculations agree w/ my idea of how things might work. Whether that idea is correct or not remains to be seen. Hopefully you will follow up on your idea to check if anything
has changed since that linked article and hopefully someone else will
see your post here.
You were also correct that I missed your line # 4g. Got so excited
about finding line 4a that I didn’t look further. And you are correct
about the option to treat CG as CG or ordinary income on F4952……..I just learned that last wk on another forum (and then forgot it).