Tax Calendar Details

The qualified dividends tax worksheet form (1096-DIV) is used to report distributions on Form 1040, Schedule B, and ensure that the correct amount of tax is withheld. This guide will provide an overview of the form and instructions on how to complete it. The IRS has made available a new qualified dividends tax worksheet form (1096-DIV) for the 2019 tax year. The form is used to report distributions on Form 1040, Schedule B, and ensure that the correct amount of tax is withheld. This guide will provide an overview of the form and instructions on how to complete it. What are qualified dividends? The definition can be found in Publication 550, Investment Income and Expenses.

Listed below are some details you may want to consider before dealing with the qualified dividends tax worksheet.

QuestionAnswer
Form NameQualified Dividends Tax Worksheet
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namescapital gains worksheet 2020, 2020 capital gains worksheet, qualified dividends and capital gains worksheet fillable 2020, 2020 qualified dividends and capital gains worksheet

Form Preview Example

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2018 Form 1040—Line 11a

Qualified Dividends and Capital Gain Tax Worksheet—Line 11a

Keep for Your Records

Before you begin:

See the earlier instructions for line 11a to see if you can use this worksheet to figure your tax.

 

Before completing this worksheet, complete Form 1040 through line 10.

 

 

If you don’t have to file Schedule D and you received capital gain distributions, be sure you checked the box

 

on line 13 of Schedule 1.

 

1.Enter the amount from Form 1040, line 10. However, if you are filing Form 2555 or 2555-EZ (relating to foreign earned income), enter the amount from

line 3 of the Foreign Earned Income Tax Worksheet

. .1

. . . . . . . . .Enter the amount from Form 1040, line 3a*

2.

 

 

 

 

 

 

 

 

 

 

 

 

Are you filing Schedule D?*

Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter -0-.

No. Enter the amount from Schedule 1, line 13. Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.

4.

 

If filing Form 4952 (used to figure investment interest

 

 

 

 

 

 

 

 

 

 

 

 

expense deduction), enter any amount from line 4g of

5.

 

 

 

 

 

 

 

 

 

 

6.

that form. Otherwise, enter -0-

 

 

 

 

 

 

 

 

 

 

Subtract line 5 from line 4. If zero or less, enter -0-

. .6.

 

 

 

 

 

 

 

 

 

 

 

 

7.

.Subtract line 6 from line 1. If zero or less, enter -0-

. . . . . . . . . . . . . . .. .7.

 

 

 

 

 

 

8.

Enter:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$38,600 if single or married filing separately,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$77,200 if married filing jointly or qualifying widow(er),

8.

 

 

 

 

 

 

 

$51,700 if head of household.

 

 

 

 

 

 

9.

Enter the smaller of line 1 or line 8

. . . . . . . . . . . . . . . . . 9.

 

 

 

 

 

 

10.

.Enter the smaller of line 7 or line 9

. . . . . . . . . . . . . . . . . 10.

 

 

 

 

 

 

11.

.Subtract line 10 from line 9. This amount is taxed at 0% .

. . . . . . . . . . . . . . . . . 11.

 

 

 

 

 

 

12.

.Enter the smaller of line 1 or line 6

. . . . . . . . . . . . . . . . . 12.

 

 

 

 

 

 

13.

.Enter the amount from line 11

. . . . . . . . . . . . . . .. .13.

 

 

 

 

 

 

14.

Subtract line 13 from line 12

. .14.

 

 

 

 

 

 

 

 

 

 

 

 

15.

Enter:

 

 

 

 

 

 

 

 

 

 

 

 

$425,800 if single,

 

 

 

 

 

 

 

 

 

 

 

 

$239,500 if married filing separately,

 

 

. . . . . . . . . . . .

15.

 

 

 

 

 

 

 

$479,000 if married filing jointly or qualifying widow(er),

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16.

$452,400 if head of household.

 

 

 

 

 

 

 

 

 

 

 

Enter the smaller of line 1 or line 15

. . . . . . . . . . . . . . . . . 16.

 

 

 

 

 

 

17.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Add lines 7 and 11

. . . . . . . . . . . . . . . . . 17.

 

 

 

 

 

 

18.

.Subtract line 17 from line 16. If zero or less, enter -0- . . .

. . . . . . . . . . . . . . . . . 18.

 

 

 

 

 

 

19.

.Enter the smaller of line 14 or line 18

. . . . . . . . . . . . . . .. .19.

 

 

 

 

 

 

20.

Multiply line 19 by 15% (0.15)

 

 

 

 

20.

 

 

 

 

 

 

 

 

21.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Add lines 11 and 19

. . . . . . . . . . . . . . . . . 21.

 

 

 

 

 

 

22.

.Subtract line 21 from line 12

. . . . . . . . . . . . . . .. .22.

 

 

 

 

 

 

23.

Multiply line 22 by 20% (0.20)

 

 

 

 

23.

 

 

 

 

 

 

 

 

 

24.

Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table

 

 

 

 

 

 

to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation

 

 

 

 

 

Worksheet

. .24

 

25.

Add lines 20, 23, and 24

25.

 

 

 

 

 

 

 

26.

Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table

 

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

 

Worksheet

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.

 

 

 

27.Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040, line 11a. If you are filing Form 2555 or 2555-EZ, don’t enter this amount on the entry space on Form 1040, line 11a. Instead, enter it on line 4 of the Foreign Earned Income Tax

Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.

* If you are filing Form 2555 or 2555-EZ, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line.

Need more information or forms? Visit IRS.gov.

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