Schedule D Tax Worksheet walkthrough

Tired of doing it yourself? Here are several ways we can work together:

Here are links to articles and videos we've created about other tax forms mentioned in this video:

IRS Form 4952, Investment Interest Expense Deduction:

IRS Form 2555, Foreign Earned Income:

[thegiordanos]

Thanks for your helpful video. What does Line 19 represent (e.g. $340, 100 for married filing jointly)?

[mikeshlyak]

This might be a silly question but I'm lookin for some clarification, if I have 10000$ qualified dividends but both short and long term losses of (4000), respectively, then for step 7 (enter smaller of line 15 or 16 from Schedule D), would I use (4000) or (8000)?

Schedule D, Line 15 is the long term captain gain/loss, (4000), and Line 16 is the sum total both short and long term capital gain/loss, (8000).

My assumption is to use the (8000), but I'm asking because on some worksheets, the directions are vague and assume that we to take both number as positive and then you choose the smaller, which would be (4000).


Any advice/clarification would be greatly appreciated, thanks!

[markherring]

Is this automated in any tax software? If so, which one?