ST Alpha - "If you follow the 1040 you’ll have your answer. -- (link)" (Reading a Post)

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Posts: 151

In response to "Save me from the ninnies, spamlet! -- nm" by ty97

If you follow the 1040 you’ll have your answer. -- (link)

Posted by spamlet Feb 17 '22, 17:18

(No message)

Or you can listen to Marlowe, he’s a smart guy (www.irs.gov)

Responses:

That doesn't help! - ty97 Feb 17, 17:26 18
- Non-qualified dividends are in AGI. Qualified dividends are not. -- nm - spamlet Feb 17, 17:36 17
  - Are LT cap gains in AGI? -- nm* - ty97 Feb 17, 17:56 8
    - Yes. -- (edited) - znufrii Feb 17, 17:58 7
      - *grumble* -- nm - ty97 Feb 17, 18:09 6
        
        phaseouts? - znufrii Feb 17, 18:10 5
        
        Don't think so, I'm not even eligible that would/would not phase out (I don't have kids, a house, etc) - ty97 Feb 17, 18:12 4
        
        Oh, you can ignore capital gains and qualified dividends for the purpose of figuring out your tax bracket, it has nothing to do with them being included in AGI -- (edited) - znufrii Feb 17, 18:15 3
        
        ahh, I guess that was my question, if they could push me into a new bracket, event though they themselves get special tax treatment. - ty97 Feb 17, 18:19 2
        
        gotcha. the answer to that is no, to my understanding. -- nm - znufrii Feb 17, 18:24 1
        
        He is correct. -- nm - spamlet Feb 17, 18:53
  - I do not think this is correct. -- (edited) - znufrii Feb 17, 17:50 6
    - The form lays out the formula. -- nm - spamlet Feb 17, 17:55 5
      - It’s entirely possible I’ve been doing it wrong for years. -- (edited) - znufrii Feb 17, 17:57
      - This would be much simpler if qualified dividends were taxed at 0. -- nm - CinnaBaron Feb 17, 17:57 3
        
        That wouldn't answer if they are included in AGI or not! -- nm - ty97 Feb 17, 18:00 2
        
        B/c IRS forms make you go around your a--hole to get to your elbow. :P -- nm - CinnaBaron Feb 17, 18:03 1
        
        Stop it ... stop it right now ... - ReluctantCynic Feb 17, 18:07
  - This is known. -- nm - ReluctantCynic Feb 17, 17:45

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