Schedule D Part III

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On schedule D Part III in line 17 has an amount and the form checked Yes. Go to line 18 but there is nothing in this line and can't locate 28% Rate Gain Worksheet. If no worksheet for this do I ignore it or do I still need to complete one. If I need to complete one where would I get the information I don't see form 8949 part of my forms nor do I see other forms listed on the worksheet and would it me regular or alternative tax?

Ask the Experts - Changes II - Mar 2025

DawnC

Employee Tax Expert

You don't need that worksheet if Line 18 is empty. Did you sell collectible investments?

On the Form 1040 Worksheet, there is a Tax Smart Worksheet that will show you what worksheets were used to calculate your tax if the tax table was not used.

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CP01Author

Level 5

Thanks, no I didn't sell collectable investments.

I see the tax smart worksheet checked line for qualified dividends.

I have to say I really LIKE this option to chat with an expert session please do this every year maybe have this twice a month until tax are filled.

DawnC

Employee Tax Expert

You are welcome, that worksheet with an X in the Tax Smart Worksheet area will show you how your tax was calculated. Here is a schedule of events - you can attend any and all of them! Events Calendar

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