Qualified dividends and capital gain tax worksheet 2014 line 44

Form 1040 Schedule D Tax Worksheet 2014 Line 44 G Keep for your records

Name(s) Shown on Return Social Security Number

1 a Enter your taxable income from Form 1040, line 43 1 a b Enter the amount from your (and your spouse’s) Form 2555, line 45 b c Add lines 1a and 1b 1 c

2 a Enter your qualified dividends from Form 1040, line 9b 2 a

b Enter any capital gain excess attributable to qualified dividends b

c Subtract line 2b from line 2a 2 c 3 Amount from Form 4952, line 4g 3 4 a Amount from Form 4952, line 4e 4 a

b Amount from the dotted line next to Form 4952, line 4e b

c Line 4b, if applicable, 4a, if not c 5 Subtract line 4c from line 3. 5 6 Subtract line 5 from line 2c. If zero or less, enter -0- 6 7 a Enter line 15 of Schedule D 7 a

b Enter line 16 of Schedule D b c Enter the smaller of line 7a or line 7b 7 c

8 Enter the smaller of line 3 or line 4c 8 9 a Subtract line 8 from line 7. 9 a

b Enter any capital gain excess attributable to capital gains b

c Subtract line 9b from line 9a 9 c 10 Add lines 6 and 9c 10 11 a Enter the amount from Schedule D, line 18 11 a

b Enter the amount from Schedule D, line 19 b c Add lines 11a and 11b 11 c

12 Enter the smaller of line 9c or line 11c 12 13 Subtract line 12 from line 10 13 14 Subtract line 13 from line 1c. If zero or less, enter -0- 14 15 Enter:

? $36,900 if single or married filing separately; ? $73,800 if married filing jointly or qualifying widow(er); or 15 ? $49,400 if head of household.

16 Enter the smaller of line 1c or line 15 16 17 Enter the smaller of line 14 or line 16 17 18 Subtr ln 10 from ln 1c. If zero or less, enter -0- 18 19 Enter the larger of line 17 or line 18 19 20 Subtract line 17 from line 16. This amount is taxed at 0% 20

If lines 1c and 16 are the same, skip lines 21 through 41 and go to line 42. Otherwise, go to line 21.

21 Enter the smaller of line 1c or line 13 21 22 Enter the amount from line 20 (if line 20 is blank, enter -0-) 22 23 Subtract line 22 from line 21. If zero or less, enter -0- 23 24 Enter:

? $406,750 if single, ? $228,800 if married filing separately, 24 ? $457,600 if married filing jointly or qualifying widow(er), ? $432,200 if head of household.

25 Enter the smaller of line 1c or line 24 25 26 Add lines 19 and 20 26 27 Subtract line 26 from line 25. If zero or less, enter -0- 27 28 Enter the smaller of line 23 or line 27 28 29 Multiply line 28 by 15% (.15) 29 30 Add lines 20 and 28 30 31 Subtract line 30 from line 21 31 32 Multiply line 31 by 20% (.20) 32

If Schedule D, line 19, is zero or blank, skip lines 33 through 38 and go to line 39. Otherwise, go to line 33.

33 Enter the smaller of line 9c above or Schedule D, line 19 33 34 Add lines 10 and 19 34 35 Enter the amount from line 1c above 35 36 Subtract line 35 from line 34. If zero or less, enter -0- 36 37 Subtract line 36 from line 33. If zero or less, enter -0- 37 38 Multiply line 37 by 25% (.25) 38

William F & Louisa F Cody 123-45-3210

18,204.

18,204.

0.

19,683. 25,784.

19,683.

100,257.

100,257.

19,683.

0. 18,204.

19,683. 37,887.

0. 0.

37,887. 62,370.

73,800.

73,800. 62,370.

62,370. 62,370. 11,430.

37,887. 11,430.

26,457.

457,600.

100,257. 73,800. 26,457. 26,457.

3,969. 37,887.

0. 0.

If Schedule D, line 18, is zero or blank, skip lines 39 through 41 and go to line 42. Otherwise, go to line 39.

39 Add lines 19, 20, 28, 31, and 37 39 40 Subtract line 39 from line 1c 40 41 Multiply line 40 by 28% (.28) 41

42 Figure the tax on the amount on line 19. If the amount on line 19 is less than $100,000, use the Tax Table to figure this tax. If the amount on line 19 is $100,000 or more, use the Tax Computation Worksheet 42

43 Add lines 29, 32, 38, 41, and 42 43 44 Figure the tax on the amount on line 1c. If the amount on line 1c is less than $100,000,

use the Tax Table to figure this tax. If the amount on line 1c is $100,000 or more, use the Tax Computation Worksheet 44

45 Tax on all taxable income (including capital gains and qualified dividends). Enter the smaller of line 43 or line 44. Also include this amount on Form 1040, line 44 45

8,449. 12,418.

16,777.

12,418.

Cody Shedule D tax worksheet.pdf
Form 1040: Individual
Schedule D Tax Worksheet