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Get your taxes done using TurboTax
Yyes but why? Don't I still have 2800 in qualified distributions? This is taking 200 of that 2800 and taxing it at 15% and reducing the amount subject to 0% tax rate down to 2600. I don't really think the 600 exemption is part of the issue. The starting point for the Qualified Dividend Tax Worksheet if the amount from form 1041, line 23, which would take in to consideration an exemption. Must be missing something about how the qualified dividends are taxed. Can't see why adding additional income would cause the level of the 0% tax (2800) to be reduced.
‎December 17, 2023
4:45 PM