Get 2016 Qualified Dividends And Capital Gain Tax Worksheet ...

Enter any qualified dividends from box 1b on Form 1099-DIV on line 3a of Form 1040, Form 1040-SR or Form 1040-NR.

The worksheet is for taxpayers with dividend income only or those whose only capital gains are capital gain distributions reported in box 2a or 2b of Form 1099-DIV that were received from mutual funds, other regulated investment companies, or real estate investment trusts.

Certain dividends known as qualified dividends are subject to the same tax rates as long-term capital gains, which are lower than rates for ordinary income.

The result will be a net long-term gain or loss. Remember, any long-term gains or losses from art, jewelry, antiques, precious metals, etc., which are termed "collectibles," are taxed at a 28 percent rate. You will need to complete the 28% Rate Gain Worksheet in the Schedule D Instructions.

The worksheet is for taxpayers with dividend income only or those whose only capital gains are capital gain distributions reported in box 2a or 2b of Form 1099-DIV that were received from mutual funds, other regulated investment companies, or real estate investment trusts.

Instead, 1040 Line 16 “Tax” asks you to “see instructions.” In those instructions, there is a 25-line worksheet called the Qualified Dividends and Capital Gain Tax Worksheet, which is how you actually calculate your Line 16 tax.

Instead, 1040 Line 16 “Tax” asks you to “see instructions.” In those instructions, there is a 25-line worksheet called the Qualified Dividends and Capital Gain Tax Worksheet, which is how you actually calculate your Line 16 tax.

Qualified-Dividend Tax Treatment Dividend Tax Rates for Tax Year 2022Tax RateSingleMarried, Filing Jointly0%$0 to $41,675$0 to $83,35015%$41,676 to $459,750$83,351 to $517,20020%$459,751 or more$517,201 or more