Most of my income from investment. Regarding qualified dividends:
1) If I exceed the limit for married filing jointly ($83,350) am I taxed at the higher rate on the entire amount of qualified dividends or just the amount over the limit?
2) Does anything raise or lower qualified dividends I report? Does capital loss or gains effect the qualified dividend amount?
ie. If I have $93,350 of qualified dividends and $10,000 of capital losses does that decrease the qualified dividends to $83,350?
Same question with standard deduction, does that effect the qualified dividend I report or does the standard deduction just decrease my income tax owed?
Thank you!
