DaveF1006
Expert Alumni

Deductions & credits

Yes, when you elect to treat your qualified dividends as capital gains, it might push you into a higher tax bracket or affect other parts of your tax return. 

 

The $35,000 deduction might be beneficial in some cases, but if it results in a higher overall tax liability, it might not be worth it. The decision is up to you.

 

@Russ18 

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