RaifH
Expert Alumni

Investors & landlords

You would use the tax determined by the Qualified Dividends and Capital Gains worksheet to determine your tax. Because your non-long-term capital gains exceed the $40,400 cut-off for the 0% tax rate, your entire long-term capital gains and qualified dividends are taxed at 15%. Your short-term gains and regular dividends minus the standard deduction will be taxed at the ordinary tax rate.