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Taxact Amended Return

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Taxact Amended Return

Taxact amended return Publication 530 - Introductory Material Table of Contents What's New Reminders IntroductionOrdering forms and publications. Taxact amended return Tax questions. Taxact amended return Useful Items - You may want to see: What's New Simplified method for business use of home deduction. Taxact amended return  The IRS now provides a simplified method to determine your expenses for business use of your home. Taxact amended return For more information, see the Instructions for Schedule C (Form 1040). Taxact amended return Reminders Future developments. Taxact amended return  For the latest information about developments related to Publication 530, such as legislation enacted after it was published, go to www. Taxact amended return irs. Taxact amended return gov/pub530. Taxact amended return Residential energy credits. Taxact amended return  You may be able to take a credit if you made energy saving improvements to your home located in the United States in 2013. Taxact amended return See Form 5695, Residential Energy Credits, for more information. Taxact amended return Home Affordable Modification Program (HAMP). Taxact amended return  If you benefit from Pay-for-Performance Success Payments, the payments are not taxable under HAMP. Taxact amended return Hardest Hit Fund and Emergency Homeowners' Loan Programs. Taxact amended return  If you are a homeowner who received assistance under a State Housing Finance Agency Hardest Hit Fund program or an Emergency Homeowners' Loan Program, you may be able to deduct all of the payments you made on your mortgage during the year. Taxact amended return For details, see Hardest Hit Fund and Emergency Homeowners' Loan Programs under What You Can and Cannot Deduct, later. Taxact amended return Mortgage debt forgiveness. Taxact amended return  You can exclude from gross income any discharges of qualified principal residence indebtedness made after 2006 and before 2014. Taxact amended return You must reduce the basis of your principal residence (but not below zero) by the amount you exclude. Taxact amended return See Discharges of qualified principal residence indebtedness , later, and Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), for more information. Taxact amended return Repayment of first-time homebuyer credit. Taxact amended return  Generally, you must repay any credit you claimed for a home you bought if you disposed of the home or it ceased to be your main home in 2013. Taxact amended return If you bought the home in 2008 and you owned and used it as your main home for all of 2013, you generally must continue repaying the credit with your 2013 tax return, but you do not have to attach Form 5405, Repayment of the First-Time Homebuyer Credit. Taxact amended return See Form 5405 and its instructions for details and for exceptions to the repayment rule. Taxact amended return Photographs of missing children. Taxact amended return  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Taxact amended return Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Taxact amended return You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Taxact amended return Introduction This publication provides tax information for homeowners. Taxact amended return Your home may be a house, condominium, cooperative apartment, mobile home, houseboat, or house trailer that contains sleeping space and toilet and cooking facilities. Taxact amended return The following topics are explained. Taxact amended return How you treat items such as settlement and closing costs, real estate taxes, sales taxes, home mortgage interest, and repairs. Taxact amended return What you can and cannot deduct on your tax return. Taxact amended return The tax credit you can claim if you received a mortgage credit certificate when you bought your home. Taxact amended return Why you should keep track of adjustments to the basis of your home. Taxact amended return (Your home's basis generally is what it cost; adjustments include the cost of any improvements you might make. Taxact amended return ) What records you should keep as proof of the basis and adjusted basis. Taxact amended return Comments and suggestions. Taxact amended return   We welcome your comments about this publication and your suggestions for future editions. Taxact amended return   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Taxact amended return NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Taxact amended return Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Taxact amended return   You can send your comments from www. Taxact amended return irs. Taxact amended return gov/formspubs/. Taxact amended return Click on “More Information” and then on “Comment on Tax Forms and Publications”. Taxact amended return   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Taxact amended return Ordering forms and publications. Taxact amended return   Visit www. Taxact amended return irs. Taxact amended return gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Taxact amended return Internal Revenue Service 1201 N. Taxact amended return Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Taxact amended return   If you have a tax question, check the information available on IRS. Taxact amended return gov or call 1-800-829-1040. Taxact amended return We cannot answer tax questions sent to either of the above addresses. Taxact amended return Useful Items - You may want to see: Publication 523 Selling Your Home 527 Residential Rental Property 547 Casualties, Disasters, and Thefts 551 Basis of Assets 555 Community Property 587 Business Use of Your Home 936 Home Mortgage Interest Deduction Form (and Instructions) 5405 Repayment of the First-Time Homebuyer Credit 5695 Residential Energy Credits 8396 Mortgage Interest Credit See How To Get Tax Help , near the end of this publication, for information about getting publications and forms. Taxact amended return Prev  Up  Next   Home   More Online Publications
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The Taxact Amended Return

Taxact amended return 16. Taxact amended return   Reporting Gains and Losses Table of Contents What's New Introduction Useful Items - You may want to see: Reporting Capital Gains and Losses Exception 1. Taxact amended return Exception 2. Taxact amended return File Form 1099-B or Form 1099-S with the IRS. Taxact amended return Capital Losses Capital Gain Tax Rates What's New Maximum capital gain rates. Taxact amended return . Taxact amended return  For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. Taxact amended return Introduction This chapter discusses how to report capital gains and losses from sales, exchanges, and other dispositions of investment property on Form 8949 and Schedule D (Form 1040). Taxact amended return The discussion includes the following topics. Taxact amended return How to report short-term gains and losses. Taxact amended return How to report long-term gains and losses. Taxact amended return How to figure capital loss carryovers. Taxact amended return How to figure your tax on a net capital gain. Taxact amended return If you sell or otherwise dispose of property used in a trade or business or for the production of income, see Publication 544, Sales and Other Dispositions of Assets, before completing Schedule D (Form 1040). Taxact amended return Useful Items - You may want to see: Publication 537 Installment Sales 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses Form (and Instructions) 4797 Sales of Business Property 6252 Installment Sale Income 8582 Passive Activity Loss Limitations 8949 Sales and Other Dispositions of Capital Assets Schedule D (Form 1040) Capital Gains and Losses Reporting Capital Gains and Losses Generally, report capital gains and losses on Form 8949. Taxact amended return Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D (Form 1040). Taxact amended return Use Form 8949 to report: The sale or exchange of a capital asset not reported on another form or schedule; Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit; and Nonbusiness bad debts. Taxact amended return Use Schedule D (Form 1040): To figure the overall gain or loss from transactions reported on Form 8949; To report a gain from Form 6252 or Part I of Form 4797; To report a gain or loss from Form 4684, 6781, or 8824; To report capital gain distributions not reported directly on Form 1040 or Form 1040A; To report a capital loss carryover from the previous tax year to the current tax year; To report your share of a gain or (loss) from a partnership, S corporation, estate, or trust; To report transactions reported to you on a Form 1099-B (or substitute statement) showing basis was reported to the IRS and to which none of the Form 8949 adjustments or codes apply; and To report undistributed long-term capital gains from Form 2439. Taxact amended return On Form 8949, enter all sales and exchanges of capital assets, including stocks, bonds, etc. Taxact amended return , and real estate (if not reported on Form 4684, 4797, 6252, 6781, 8824, or line 1a or 8a of Schedule D). Taxact amended return Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. Taxact amended return Report short-term gains or losses in Part I. Taxact amended return Report long-term gains or losses in Part II. Taxact amended return Use as many Forms 8949 as you need. Taxact amended return Exceptions to filing Form 8949 and Schedule D (Form 1040). Taxact amended return   There are certain situations where you may not have to file Form 8949 and/or Schedule D (Form 1040). Taxact amended return Exception 1. Taxact amended return   You do not have to file Form 8949 or Schedule D (Form 1040) if you have no capital losses and your only capital gains are capital gain distributions from Form(s) 1099-DIV, box 2a (or substitute statements). Taxact amended return (If any Form(s) 1099-DIV (or substitute statements) you receive have an amount in box 2b (unrecaptured section 1250 gain), box 2c (section 1202 gain), or box 2d (collectibles (28%) gain), you do not qualify for this exception. Taxact amended return ) If you qualify for this exception, report your capital gain distributions directly on line 13 of Form 1040 (and check the box on line 13). Taxact amended return Also use the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 instructions to figure your tax. Taxact amended return You can report your capital gain distributions on line 10 of Form 1040A, instead of on Form 1040, if none of the Forms 1099-DIV (or substitute statements) you received have an amount in box 2b, 2c, or 2d, and you do not have to file Form 1040. Taxact amended return Exception 2. Taxact amended return   You must file Schedule D (Form 1040), but generally do not have to file Form 8949, if Exception 1 does not apply and your only capital gains and losses are: Capital gain distributions; A capital loss carryover; A gain from Form 2439 or 6252 or Part I of Form 4797; A gain or loss from Form 4684, 6781, or 8824; A gain or loss from a partnership, S corporation, estate, or trust; or Gains and losses from transactions for which you received a Form 1099-B (or substitute statement) that shows the basis was reported to the IRS and for which you do not need to make any adjustments in column (g) of Form 8949 or enter any codes in column (f) of Form 8949. Taxact amended return Installment sales. Taxact amended return   You cannot use the installment method to report a gain from the sale of stock or securities traded on an established securities market. Taxact amended return You must report the entire gain in the year of sale (the year in which the trade date occurs). Taxact amended return Passive activity gains and losses. Taxact amended return    If you have gains or losses from a passive activity, you may also have to report them on Form 8582. Taxact amended return In some cases, the loss may be limited under the passive activity rules. Taxact amended return Refer to Form 8582 and its instructions for more information about reporting capital gains and losses from a passive activity. Taxact amended return Form 1099-B transactions. Taxact amended return   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B or substitute statement from the broker. Taxact amended return Use the Form 1099-B or the substitute statement to complete Form 8949. Taxact amended return If you sold a covered security in 2013, your broker should send you a Form 1099-B (or substitute statement) that shows your basis. Taxact amended return This will help you complete Form 8949. Taxact amended return Generally, a covered security is a security you acquired after 2010. Taxact amended return   Report the gross proceeds shown in box 2a of Form 1099-B as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. Taxact amended return However, if the broker advises you, in box 2a of Form 1099-B, that gross proceeds (sales price) less commissions and option premiums were reported to the IRS, enter that net sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. Taxact amended return    Include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). Taxact amended return If you include an expense of sale in column (g), enter “E” in column (f). Taxact amended return Form 1099-CAP transactions. Taxact amended return   If a corporation in which you own stock has had a change in control or a substantial change in capital structure, you should receive Form 1099-CAP or a substitute statement from the corporation. Taxact amended return Use the Form 1099-CAP or substitute statement to fill in Form 8949. Taxact amended return If your computations show that you would have a loss because of the change, do not enter any amounts on Form 8949 or Schedule D (Form 1040). Taxact amended return You cannot claim a loss on Schedule D (Form 1040) as a result of this transaction. Taxact amended return   Report the aggregate amount received shown in box 2 of Form 1099-CAP as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. Taxact amended return Form 1099-S transactions. Taxact amended return   If you sold or traded reportable real estate, you generally should receive from the real estate reporting person a Form 1099-S showing the gross proceeds. Taxact amended return    “Reportable real estate” is defined as any present or future ownership interest in any of the following: Improved or unimproved land, including air space; Inherently permanent structures, including any residential, commercial, or industrial building; A condominium unit and its accessory fixtures and common elements, including land; and Stock in a cooperative housing corporation (as defined in section 216 of the Internal Revenue Code). Taxact amended return   A “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. Taxact amended return   Your Form 1099-S will show the gross proceeds from the sale or exchange in box 2. Taxact amended return See the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040) for how to report these transactions and include them in Part I or Part II of Form 8949 as appropriate. Taxact amended return However, report like-kind exchanges on Form 8824 instead. Taxact amended return   It is unlawful for any real estate reporting person to separately charge you for complying with the requirement to file Form 1099-S. Taxact amended return Nominees. Taxact amended return   If you receive gross proceeds as a nominee (that is, the gross proceeds are in your name but actually belong to someone else), see the Instructions for Form 8949 for how to report these amounts on Form 8949. Taxact amended return File Form 1099-B or Form 1099-S with the IRS. Taxact amended return   If you received gross proceeds as a nominee in 2013, you must file a Form 1099-B or Form 1099-S for those proceeds with the IRS. Taxact amended return Send the Form 1099-B or Form 1099-S with a Form 1096, Annual Summary and Transmittal of U. Taxact amended return S. Taxact amended return Information Returns, to your Internal Revenue Service Center by February 28, 2014 (March 31, 2014, if you file Form 1099-B or Form 1099-S electronically). Taxact amended return Give the actual owner of the proceeds Copy B of the Form 1099-B or Form 1099-S by February 18, 2014. Taxact amended return On Form 1099-B, you should be listed as the “Payer. Taxact amended return ” The other owner should be listed as the “Recipient. Taxact amended return ” On Form 1099-S, you should be listed as the “Filer. Taxact amended return ” The other owner should be listed as the “Transferor. Taxact amended return ” You do not have to file a Form 1099-B or Form 1099-S to show proceeds for your spouse. Taxact amended return For more information about the reporting requirements and the penalties for failure to file (or furnish) certain information returns, see the General Instructions for Certain Information Returns. Taxact amended return If you are filing electronically see Publication 1220. Taxact amended return Sale of property bought at various times. Taxact amended return   If you sell a block of stock or other property that you bought at various times, report the short-term gain or loss from the sale on one row in Part I of Form 8949, and the long-term gain or loss on one row in Part II of Form 8949. Taxact amended return Write “Various” in column (b) for the “Date acquired. Taxact amended return ” Sale expenses. Taxact amended return    On Form 8949, include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). Taxact amended return If you include an expense of sale in column (g), enter “E” in column (f). Taxact amended return   For more information about adjustments to basis, see chapter 13. Taxact amended return Short-term gains and losses. Taxact amended return   Capital gain or loss on the sale or trade of investment property held 1 year or less is a short-term capital gain or loss. Taxact amended return You report it in Part I of Form 8949. Taxact amended return   You combine your share of short-term capital gain or loss from partnerships, S corporations, estates, and trusts, and any short-term capital loss carryover, with your other short-term capital gains and losses to figure your net short-term capital gain or loss on line 7 of Schedule D (Form 1040). Taxact amended return Long-term gains and losses. Taxact amended return    A capital gain or loss on the sale or trade of investment property held more than 1 year is a long-term capital gain or loss. Taxact amended return You report it in Part II of Form 8949. Taxact amended return   You report the following in Part II of Schedule D (Form 1040): Undistributed long-term capital gains from a mutual fund (or other regulated investment company) or real estate investment trust (REIT); Your share of long-term capital gains or losses from partnerships, S corporations, estates, and trusts; All capital gain distributions from mutual funds and REITs not reported directly on line 10 of Form 1040A or line 13 of Form 1040; and Long-term capital loss carryovers. Taxact amended return    The result after combining these items with your other long-term capital gains and losses is your net long-term capital gain or loss (Schedule D (Form 1040), line 15). Taxact amended return Total net gain or loss. Taxact amended return   To figure your total net gain or loss, combine your net short-term capital gain or loss (Schedule D (Form 1040), line 7) with your net long-term capital gain or loss (Schedule D (Form 1040), line 15). Taxact amended return Enter the result on Schedule D (Form 1040), Part III, line 16. Taxact amended return If your losses are more than your gains, see Capital Losses , next. Taxact amended return If both lines 15 and 16 of your Schedule D (Form 1040) are gains and your taxable income on your Form 1040 is more than zero, see Capital Gain Tax Rates , later. Taxact amended return Capital Losses If your capital losses are more than your capital gains, you can claim a capital loss deduction. Taxact amended return Report the amount of the deduction on line 13 of Form 1040, in parentheses. Taxact amended return Limit on deduction. Taxact amended return   Your allowable capital loss deduction, figured on Schedule D (Form 1040), is the lesser of: $3,000 ($1,500 if you are married and file a separate return); or Your total net loss as shown on line 16 of Schedule D (Form 1040). Taxact amended return   You can use your total net loss to reduce your income dollar for dollar, up to the $3,000 limit. Taxact amended return Capital loss carryover. Taxact amended return   If you have a total net loss on line 16 of Schedule D (Form 1040) that is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you had incurred it in that next year. Taxact amended return If part of the loss is still unused, you can carry it over to later years until it is completely used up. Taxact amended return   When you figure the amount of any capital loss carryover to the next year, you must take the current year's allowable deduction into account, whether or not you claimed it and whether or not you filed a return for the current year. Taxact amended return   When you carry over a loss, it remains long term or short term. Taxact amended return A long-term capital loss you carry over to the next tax year will reduce that year's long-term capital gains before it reduces that year's short-term capital gains. Taxact amended return Figuring your carryover. Taxact amended return   The amount of your capital loss carryover is the amount of your total net loss that is more than the lesser of: Your allowable capital loss deduction for the year; or Your taxable income increased by your allowable capital loss deduction for the year and your deduction for personal exemptions. Taxact amended return   If your deductions are more than your gross income for the tax year, use your negative taxable income in computing the amount in item (2). Taxact amended return    Complete the Capital Loss Carryover Worksheet in the Instructions for Schedule D or Publication 550 to determine the part of your capital loss that you can carry over. Taxact amended return Example. Taxact amended return Bob and Gloria sold securities in 2013. Taxact amended return The sales resulted in a capital loss of $7,000. Taxact amended return They had no other capital transactions. Taxact amended return Their taxable income was $26,000. Taxact amended return On their joint 2013 return, they can deduct $3,000. Taxact amended return The unused part of the loss, $4,000 ($7,000 − $3,000), can be carried over to 2014. Taxact amended return If their capital loss had been $2,000, their capital loss deduction would have been $2,000. Taxact amended return They would have no carryover. Taxact amended return Use short-term losses first. Taxact amended return   When you figure your capital loss carryover, use your short-term capital losses first, even if you incurred them after a long-term capital loss. Taxact amended return If you have not reached the limit on the capital loss deduction after using the short-term capital losses, use the long-term capital losses until you reach the limit. Taxact amended return Decedent's capital loss. Taxact amended return    A capital loss sustained by a decedent during his or her last tax year (or carried over to that year from an earlier year) can be deducted only on the final income tax return filed for the decedent. Taxact amended return The capital loss limits discussed earlier still apply in this situation. Taxact amended return The decedent's estate cannot deduct any of the loss or carry it over to following years. Taxact amended return Joint and separate returns. Taxact amended return   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. Taxact amended return However, if you and your spouse once filed a joint return and are now filing separate returns, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. Taxact amended return Capital Gain Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. Taxact amended return These lower rates are called the maximum capital gain rates. Taxact amended return The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. Taxact amended return For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. Taxact amended return See Table 16-1 for details. Taxact amended return If you figure your tax using the maximum capital gain rate and the regular tax computation results in a lower tax, the regular tax computation applies. Taxact amended return Example. Taxact amended return All of your net capital gain is from selling collectibles, so the capital gain rate would be 28%. Taxact amended return If you are otherwise subject to a rate lower than 28%, the 28% rate does not apply. Taxact amended return Investment interest deducted. Taxact amended return   If you claim a deduction for investment interest, you may have to reduce the amount of your net capital gain that is eligible for the capital gain tax rates. Taxact amended return Reduce it by the amount of the net capital gain you choose to include in investment income when figuring the limit on your investment interest deduction. Taxact amended return This is done on the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. Taxact amended return For more information about the limit on investment interest, see Interest Expenses in chapter 3 of Publication 550. Taxact amended return Table 16-1. Taxact amended return What Is Your Maximum Capital Gain Rate? IF your net capital gain is from . Taxact amended return . Taxact amended return . Taxact amended return THEN your  maximum capital gain rate is . Taxact amended return . Taxact amended return . Taxact amended return a collectibles gain 28% an eligible gain on qualified small business stock minus the section 1202 exclusion 28% an unrecaptured section 1250 gain 25% other gain1 and the regular tax rate that would apply is 39. Taxact amended return 6% 20% other gain1 and the regular tax rate that would apply is 25%, 28%, 33%, or 35% 15% other gain1 and the regular tax rate that would apply is 10% or 15% 0% 1 Other gain means any gain that is not collectibles gain, gain on qualified small business stock, or unrecaptured section 1250 gain. Taxact amended return     Collectibles gain or loss. Taxact amended return   This is gain or loss from the sale or trade of a work of art, rug, antique, metal (such as gold, silver, and platinum bullion), gem, stamp, coin, or alcoholic beverage held more than 1 year. Taxact amended return   Collectibles gain includes gain from sale of an interest in a partnership, S corporation, or trust due to unrealized appreciation of collectibles. Taxact amended return Gain on qualified small business stock. Taxact amended return    If you realized a gain from qualified small business stock that you held more than 5 years, you generally can exclude some or all of your gain under section 1202. Taxact amended return The eligible gain minus your section 1202 exclusion is a 28% rate gain. Taxact amended return See Gains on Qualified Small Business Stock in chapter 4 of Publication 550. Taxact amended return Unrecaptured section 1250 gain. Taxact amended return    Generally, this is any part of your capital gain from selling section 1250 property (real property) that is due to depreciation (but not more than your net section 1231 gain), reduced by any net loss in the 28% group. Taxact amended return Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1040) instructions to figure your unrecaptured section 1250 gain. Taxact amended return For more information about section 1250 property and section 1231 gain, see chapter 3 of Publication 544. Taxact amended return Tax computation using maximum capital gain rates. Taxact amended return   Use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet (whichever applies) to figure your tax if you have qualified dividends or net capital gain. Taxact amended return You have net capital gain if Schedule D (Form 1040), lines 15 and 16, are both gains. Taxact amended return Schedule D Tax Worksheet. Taxact amended return   Use the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions to figure your tax if: You have to file Schedule D (Form 1040); and Schedule D (Form 1040), line 18 (28% rate gain) or line 19 (unrecaptured section 1250 gain), is more than zero. Taxact amended return Qualified Dividends and Capital Gain Tax Worksheet. Taxact amended return   If you do not have to use the Schedule D Tax Worksheet (as explained above) and any of the following apply, use the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 or Form 1040A (whichever you file) to figure your tax. Taxact amended return You received qualified dividends. Taxact amended return (See Qualified Dividends in chapter 8. Taxact amended return ) You do not have to file Schedule D (Form 1040) and you received capital gain distributions. Taxact amended return (See Exceptions to filing Form 8949 and Schedule D (Form 1040) , earlier. Taxact amended return ) Schedule D (Form 1040), lines 15 and 16, are both more than zero. Taxact amended return Alternative minimum tax. Taxact amended return   These capital gain rates are also used in figuring alternative minimum tax. Taxact amended return Prev  Up  Next   Home   More Online Publications