I make about $13,500 in dividends from Mutual funds I own. If I am over the 15% tax bracket by about $2,000, do I have to pay the whole 15% tax on the $13,500 dividend income? Or is it prorated and I pay 15% on the $2,000 and the rest gets taxed at 0%?
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You pay 15% on the $2,000 and the rest gets taxed at 0%. The calculations will show on the "Qualified dividends and capital gains" worksheet, which is not sent to the IRS
You pay 15% on the $2,000 and the rest gets taxed at 0%. The calculations will show on the "Qualified dividends and capital gains" worksheet, which is not sent to the IRS
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