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Tags: federal,form
Taxes not calculated for 1040 returns with Sch D
🔍 What This Guide Covers
This article explains why your client may see Capital Gains Tax as 0% on certain 1040 situations.
⚠️ Before You Begin
Make sure you understand the taxpayer’s tax rate and whether the regular tax tables are being used.
đź“Š Step-by-Step Guide
Step 1: Review why the tax rate may be under 25%
Use this when you need to confirm the reason behind a 0% capital gains result.
This can occur when your client is using the regular tax tables and has a tax rate less than 25%. For these taxpayers, the Capital Gains Tax is 0%, according to IRS Publication 17: http://www.irs.gov/publications/p17/ch16.html#en_US_publink1000172517
❌ Common Errors
If you still see unexpected results, verify the taxpayer’s filing situation and confirm you’re using the correct tables.
đź“ž Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form