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Why does a MFJ return with $3,060 in line 10 as taxable income show $0 tax due in Line 11? No income taxes were paid in.

dvasscpa
Level 1
 
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Just-Lisa-Now-
Level 15
Level 15

Long term capital gains?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

Long term capital gains?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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dvasscpa
Level 1
Thank you Lisa!  I was completely overlooking the fact that this couple had about $4,900 in qualified dividends!!  I thought I was going crazy!
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IRonMaN
Level 15
"I thought I was going crazy!"

What do you mean "going"?  What sane person would choose this profession? :smile:

Slava Ukraini!
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