Qualified dividends and capital gain tax worksheet instructions !633!

Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42). Do not complete lines 21 and 22 below.

complete the Qualified Dividends and Capital Gain Tax Worksheet in the Instructions for Form 1040, line 11a (or in the Instructions for Form 1040NR, line 42) to figure your tax. Before completing this worksheet, complete Form 1040 through line 10 (or Form 1040NR through line 41). Schedule D Tax Worksheet - View Worksheet If there is an amount on Line 18 (from the 28% Rate Gain Worksheet ) or Line 19 (from the Unrecaptured Section 1250 Gain Worksheet ) of Schedule D, according to the IRS the tax is calculated on the Schedule D Tax Worksheet instead of the Qualified Dividends and Capital Gain Tax Worksheet . Enter your total capital gains (Box 2a) from all your taxable investments on line 13 of Form 1040 and check the box on that line, or enter them on line 10 of Form 1040A. You also must complete the Qualified Dividends and Capital Gain Tax Worksheet included in the Form 1040 or 1040A instructions to determine your taxes due on these amounts. Qualified dividends are reported on Line 3a of your Form 1040. Be sure to use the Qualified Dividends and Capital Gain Tax Worksheet found in the instructions for Form 1040 to calculate the tax on qualified dividends at the preferred tax rates. Non-dividend distributions reduce your cost basis in the stock by the amount of the distribution. It takes 27 lines in the IRS qualified dividends and capital gain tax worksheet to work through the computations (Form 1040 Instructions (2013), p. 43). With a good understanding of the mechanics, preparers can spot opportunities to advise clients to take advantage of the 0% rate and minimize the 20% rate. When you have qualified dividends or capital gains, you do not use the tax table. Instead, you will need to use the Capital Gains Worksheet to figure your tax. 1040 Instructions Line