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Old 11-12-2013, 07:10 PM
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Join Date: Nov 2013
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What are

Can you tell me how much $$$ I would owe to federal using the below numbers please?

Salary 2013: $100,000
Long term capital gain 2013: $60,000
Status: Head Of Household

Can you also tell me how you come up with the final amount $$$ please?

Thanks



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Old 11-13-2013, 01:23 PM
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Join Date: Oct 2010
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Quote:
Originally Posted by hoangtu69 View Post
Can you tell me how much $$$ I would owe to federal using the below numbers please?

Salary 2013: $100,000
Long term capital gain 2013: $60,000
Status: Head Of Household

Can you also tell me how you come up with the final amount $$$ please?

Thanks
It depends on your personal situation; how many exemptions(dependents) do you claim or report on line 6d on 1040?? Do you itemize your deductions on Sch A of 1040 or do you take std deductions???
Did you make any estimated quarterly taxes on your portfolio income?? Or etc?? Do you contribute your retirement plans,i.e., IRA or 401K or etc????



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