TaxGuyBill
Level 15

@470pitt wrote:

but it still will not charge tax and the profit is over $54000.


 

Is the $54,000 showing up on line 7 of Form 1040?

Are you sure there should be tax?  If the rest of their income is low, there might not be any tax if all of the gain is in the 0% long-term capital gain tax bracket.