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Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?
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June 6, 2019
12:11 PM
last updated
June 06, 2019
12:11 PM
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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
See this IRS QDCG worksheet - https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf#page=44
June 6, 2019
12:11 PM
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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?
June 6, 2019
12:11 PM
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Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?
Yes
June 6, 2019
12:11 PM
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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
June 6, 2019
12:11 PM
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Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?
Yes, both
June 6, 2019
12:11 PM
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Why is my tax $0 on line 44 when I have taxable income of $15,466 on 1040 line 43?
Thanks!
June 6, 2019
12:11 PM
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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
See this IRS QDCG worksheet - https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf#page=44
June 6, 2019
12:11 PM
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