DeanM15
Expert Alumni

Get your taxes done using TurboTax

The question is where the tax is being calculated. If you have no qualified dividends and capital gains your income tax is taken from the tax table. 

 

If you have dividends and capital gains the tax is calculated on the Qualified Dividends and Capital Gains Tax Worksheet. Your qualified dividends and capital gains are added together on Form 1040 to make up adjusted gross income and taxable income but are separated on the worksheet.

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