Qualified Dividend Archives

Knott Learning

What is the Qualified Dividends and Capital Gains Tax Worksheet?

U.S. taxpayers are generally subject to reduced federal tax rates on qualified dividend income and long-term capital gains. The taxpayer should complete the applicable worksheet to calculate those reduced taxes.

Jason Knott2024-10-04T12:01:03+00:00Tags: Form 1040, Form 1040 Instructions, Qualified Dividend|

Deemed Dividend Distributions on IRS Form 972 and 973

A corporation can have deemed dividend distributions which must be reported on Forms 972 & 973. The shareholder must generally consent to this inclusion. This article and video tutorial cover the basics and how to prepare the forms.

Jason Knott2024-10-04T12:11:55+00:00Tags: Deemed Dividends, Dividend Income, Form 972, Form 973, Qualified Dividend|

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