CNOakland
Returning Member

Deductions & credits

Thanks rogge1722 for your reply, I appreciate it. I have a follow up question, kindly bear with me if my understanding falls a little short.

 

While I see in the instructions that I qualify for the Adjustment Exception, my understanding is that I can "elect" to avail of the exception or still choose to complete the line 18 worksheet since the numbers on Qualified Dividends and Capital Gain Tax Worksheet satisfy the two requirements for line 18 adjustment:

 

1. Line 5 (=11,347) of your Qualified Dividends and Capital Gain Tax Worksheet is greater than zero, and

2. Line 23 (=1,133) of your Qualified Dividends and Capital Gain Tax Worksheet is less than line 24 (=4,477) of that worksheet.

 

Does qualifying for the adjustment exception make it then mandatory thus nullifying my qualification for the line 18 adjustment in the first place?

 

Thank you rogge1722 and to anyone who may be able to help with my confusion. For me, IRS official instructions have never been that easy to understand. :(