Schedule D Tax Worksheet

Complete this worksheet only if line 18 or line 19 of Schedule D is more than zero and lines 15 and 16 of Schedule D are gains or if you file Form 4952 and you have an amount on line 4g, even if you don’t need to file Schedule D. Otherwise, complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16, (or in the instructions for Form 1040-NR, line 16) to figure your tax. Before completing this worksheet, complete Form 1040, 1040-SR, or 1040-NR through line 15. Exception: Don’t use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to figure your tax if: Line 15 or line 16 of Schedule D is zero or less and you have no qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a; or Form 1040, 1040-SR, or 1040-NR, line 15, is zero or less. Instead, see the instructions for Form 1040, line 16 (or Form 1040-NR, line 16). 1. Enter your taxable income from Form 1040, 1040-SR, or 1040-NR, line 15. (However, if you are filing Form 2555 (relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet in the instructions for Form 1040, line 16.) 1. _____ 2. Enter your qualified dividends from Form 1040, 1040-SR, or 1040-NR, line 3a 2. _____ 3. Enter the amount from Form 4952 (used to figure investment interest expense deduction), line 4g 3. _____ 4. Enter the amount from Form 4952, line 4e* 4. _____ 5. Subtract line 4 from line 3. If zero or less, enter -0- 5. _____ 6. Subtract line 5 from line 2. If zero or less, enter -0-** 6. _____ 7. Enter the smaller of line 15 or line 16 of Schedule D 7. _____ 8. Enter the smaller of line 3 or line 4 8. _____ 9. Subtract line 8 from line 7. If zero or less, enter -0-** 9. _____ 10. Add lines 6 and 9 10. _____ 11. Add lines 18 and 19 of Schedule D** 11. _____ 12. Enter the smaller of line 9 or line 11 12. _____ 13. Subtract line 12 from line 10 13. _____ 14. Subtract line 13 from line 1. If zero or less, enter -0- 14. _____ 15. Enter: • $48,350 if single or married filing separately; • $96,700 if married filing jointly or qualifying surviving spouse; or • $64,750 if head of household. 15. _____ 16. Enter the smaller of line 1 or line 15 16. _____ 17. Enter the smaller of line 14 or line 16 17. _____ 18. Subtract line 10 from line 1. If zero or less, enter -0- 18. _____ 19. Enter the smaller of line 1 or: $197,300 if single or married filing separately; $394,600 if married filing jointly or qualifying surviving spouse; or $197,300 if head of household. 19. _____ 20. Enter the smaller of line 14 or line 19 20. _____ 21. Enter the larger of line 18 or line 20 21. _____ 22. Subtract line 17 from line 16. This amount is taxed at 0% 22. _____ If lines 1 and 16 are the same, skip lines 23 through 43 and go to line 44. Otherwise, go to line 23. 23. Enter the smaller of line 1 or line 13 23. _____ 24. Enter the amount from line 22. (If line 22 is blank, enter -0-.) 24. _____ 25. Subtract line 24 from line 23. If zero or less, enter -0- 25. _____ 26. Enter: • $533,400 if single; • $300,000 if married filing separately; • $600,050 if married filing jointly or qualifying surviving spouse; or • $566,700 if head of household. 26. _____ 27. Enter the smaller of line 1 or line 26 27. _____ 28. Add lines 21 and 22 28. _____ 29. Subtract line 28 from line 27. If zero or less, enter -0- 29. _____ 30. Enter the smaller of line 25 or line 29 30. _____