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1.
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Enter your taxable income from Form 1040, 1040-SR, or 1040-NR, line 15. (However, if you are filing Form 2555 (relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet in the instructions for Form 1040, line 16.)
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1.
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2.
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Enter your qualified dividends from Form 1040, 1040-SR, or 1040-NR, line 3a
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2.
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3.
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Enter the amount from Form 4952 (used to figure investment interest expense deduction), line 4g
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3.
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4.
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Enter the amount from Form 4952, line 4e*
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4.
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5.
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Subtract line 4 from line 3. If zero or less, enter -0-
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5.
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6.
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Subtract line 5 from line 2. If zero or less, enter -0-**
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6.
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7.
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Enter the smaller of line 15 or line 16 of Schedule D
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7.
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8.
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Enter the smaller of line 3 or line 4
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8.
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9.
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Subtract line 8 from line 7. If zero or less, enter -0-**
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9.
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10.
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Add lines 6 and 9
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10.
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11.
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Add lines 18 and 19 of Schedule D**
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11.
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12.
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Enter the smaller of line 9 or line 11
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12.
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13.
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Subtract line 12 from line 10
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13.
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14.
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Subtract line 13 from line 1. If zero or less, enter -0-
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14.
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15.
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Enter:
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$47,025 if single or married filing separately;
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$94,050 if married filing jointly or qualifying surviving spouse; or
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$63,000 if head of househould.
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15.
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16.
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Enter the smaller of line 1 or line 15
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16.
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17.
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Enter the smaller of line 14 or line 16
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17.
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18.
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Subtract line 10 from line 1. If zero or less,
enter -0-
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18.
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19.
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191950
383900
191950
191950
Enter the smaller of line 1 or:
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$191,950 if single or married filing separately;
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$383,900 if married filing jointly or qualifying surviving spouse; or
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$191,950 if head of househould.
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19.
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20.
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Enter the smaller of line 14 or line 19
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20.
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21.
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Enter the larger of line 18 or line 20
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21.
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22.
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Subtract line 17 from line 16. This amount is taxed at 0%
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22.
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If lines 1 and 16 are the same, skip lines 23 through 43 and go to line 44. Otherwise, go to line 23.
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23.
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Enter the smaller of line 1 or line 13
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23.
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24.
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Enter the amount from line 22. (If line 22 is blank, enter -0-.)
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24.
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25.
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Subtract line 24 from line 23. If zero or less, enter -0-
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25.
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26.
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518900
583750
291850
551350
Enter:
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$518,900 if single;
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$291,850 if married filing separately;
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$583,750 if married filing jointly or qualifying surviving spouse; or
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$551,350 if head of househould.
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26.
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27.
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Enter the smaller of line 1 or line 26
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27.
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28.
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Add lines 21 and 22
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28.
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29.
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Subtract line 28 from line 27. If zero or less, enter -0-
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29.
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30.
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Enter the smaller of line 25 or line 29
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30.
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31.
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Multiply line 30 by 15% (0.15)
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31.
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32.
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Add lines 24 and 30
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32.
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If lines 1 and 32 are the same, skip lines 33 through 43 and go to line 44. Otherwise, go to line 33.
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33.
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Subtract line 32 from line 23
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33.
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34.
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Multiply line 33 by 20% (0.20)
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34.
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If Schedule D, line 19, is zero or blank, skip lines 35 through 40 and go to line 41. Otherwise, go to line 35.
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35.
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Enter the smaller of line 9 above or Schedule D, line 19
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35.
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36.
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Add lines 10 and 21
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36.
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37.
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Enter the amount from line 1 above
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37.
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38.
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Subtract line 37 from line 36. If zero or less, enter -0-
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38.
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39.
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Subtract line 38 from line 35. If zero or less, enter -0-
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39.
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40.
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Multiply line 39 by 25% (0.25)
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40.
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If Schedule D, line 18, is zero or blank, skip lines 41 through 43 and go to line 44. Otherwise, go to line 41.
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41.
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Add lines 21, 22, 30, 33, and 39
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41.
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42.
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Subtract line 41 from line 1
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42.
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43.
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Multiply line 42 by 28% (0.28)
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43.
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44.
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Figure the tax on the amount on line 21. If the amount on line 21 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 21 is $100,000 or more, use the Tax Computation Worksheet
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44.
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45.
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Add lines 31, 34, 40, 43, and 44
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45.
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46.
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Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to
figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet
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46.
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47.
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Tax on all taxable income (including capital gains and qualified dividends). Enter the smaller of line 45 or line 46. Also, include this amount on Form 1040, 1040-SR, or 1040-NR, line 16. (If you are filing Form 2555, don't enter this amount on Form 1040 or 1040-SR, line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet in the Instructions for Form 1040.)
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47.
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* If applicable, enter instead the smaller amount you entered on the dotted line next to line 4e of Form 4952.
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** If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet in the
instructions for Form 1040, line 16, before completing this line.
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