Skip to main content
Level 1
February 5, 2025
Question

Capital Gains

  • February 5, 2025
  • 1 reply
  • 6 views

Where on the tax return can I determine that my stock qualified dividends are taxed at the capital gains tax rate rather than income?

1 reply

DawnC
Level 15
February 5, 2025

Capital gains are reported on Schedule D.   If you have long-term capital gains, your tax return will include a Qualified Dividends and Capital Gain Tax Worksheet (Qual Div/Cap Gn) that shows how your total tax was figured.   

 

  • Gains you make from selling assets you’ve held for a year or less are called short-term capital gains, and they generally are taxed at the same rate as your ordinary income, anywhere from 10% to 37%.
  • Gains from the sale of assets you’ve held for longer than a year are known as long-term capital gains, and they are typically taxed at lower rates than short-term gains and ordinary income, from 0% to 20%, depending on your taxable income.

2024 Capital Gain Rates

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"