turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
1 Best answer

Accepted Solutions

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

Your taxes on the taxable income is calculated using the Qualified Dividends and Capital Gains worksheet and not the IRS tax tables.
See this IRS QDCG worksheet - https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf#page=44

View solution in original post

6 Replies

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

Did you report qualified dividends or capital gains on your tax return?

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

Yes

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

I reported both of those

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

Yes, both

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

Thanks!

Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?

Your taxes on the taxable income is calculated using the Qualified Dividends and Capital Gains worksheet and not the IRS tax tables.
See this IRS QDCG worksheet - https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf#page=44
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v