Capital Gains

[Mnhr777]

Where on the tax return can I determine that my stock qualified dividends are taxed at the capital gains tax rate rather than income?

[DawnC]

Capital gains are reported on Schedule D.   If you have long-term capital gains, your tax return will include a Qualified Dividends and Capital Gain Tax Worksheet (Qual Div/Cap Gn) that shows how your total tax was figured.   

• Gains you make from selling assets you’ve held for a year or less are called short-term capital gains, and they generally are taxed at the same rate as your ordinary income, anywhere from 10% to 37%.
• Gains from the sale of assets you’ve held for longer than a year are known as long-term capital gains, and they are typically taxed at lower rates than short-term gains and ordinary income, from 0% to 20%, depending on your taxable income.

2024 Capital Gain Rates