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?

Question

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.