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Get your taxes done using TurboTax
Yes. The all the dividend income is included in your gross income ($83,500 in your example), your adjusted gross income and your taxable income (line 43 of form 1040 or line 27 of form 1040A).
Because you have Qualified dividends (and/or long term capital gains), you cannot just look up your taxable income in the tax table, to determine your tax. You must use the Qualified dividends and capital gains worksheet
Because you have Qualified dividends (and/or long term capital gains), you cannot just look up your taxable income in the tax table, to determine your tax. You must use the Qualified dividends and capital gains worksheet
‎June 6, 2019
7:53 AM