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

Qualified Dividends and Capital Gain Tax Worksheet.

Rationale: capital gain distributions are taxed at preferential long‑term capital gains rates, so you use the Qualified Dividends and Capital Gain Tax Worksheet (from the Form 1040 instructions) to calculate the tax when those are your only investment income.