Question

Which of the following is used to calculate the tax due when a taxpayer's only investment income is from capital gain distributions from a mutual fund?
Alternative Minimum Tax Worksheet.
Estimated Tax Worksheet.
Qualified Dividends and Capital Gain Tax Worksheet.
Schedule D Tax Worksheet.

Answer 1

To calculate the tax due when a taxpayer's only investment income is from capital gain distributions from a mutual fund, the appropriate choice would be the **Qualified Dividends and Capital Gain Tax Worksheet**. This worksheet helps determine the tax on qualified dividends and net capital gains, applying the relevant tax rates.