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How do you know whether to use the Schedule D tax form or the qualified dividends and capital gains tax worksheet?


ANSWER


The BIDaWIZ Team's Answer:

See the Form 1099-Div. If the dividends are "qualified,"

they are taxed at 15%, or 0%, if you are in the 10% tax bracket.

If the dividends are "non-qualified," you report them on Schedule B,

of your Form 1040, and they are taxed at whatever your highest

marginal tax bracket is.

The BIDaWIZ Team

 

 

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