Income Tax

[COSkiBum]

Client with taxable income of $18,743 on the 1040 but "0" tax comes up?  Why?  It falls in the 10% tax bracket.  They are both over 65 with lots of Int/Div income and a Cap Gains loss of $3k.

[TaxGuyBill]

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@COSkiBum wrote:

with lots of Int/Div income and a Cap Gains loss of $3k.

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Qualified Dividends may be taxed at 0%.

[Just-Lisa-Now-]

You should find a Dividends worksheet that you can follow the money to see how the tax is computed.

[COSkiBum]

Thank you.  Will look at Div worksheet 

[COSkiBum]

Thank you for the suggestion of the DIV worksheet.  Happy Day!