Hello! 2022 was my first year having a taxable account. I used to have a financial advisor (lol) then realized that was a mistake, so I switched to Schwab.
In April ‘22, I transferred over to Schwab. I “sold” what my advisor had for me and the form has all the transactions.
Taxable account balance is currently around $20k
My qualified dividends is $129.87.
Ordinary dividends $224.69
Section 199A dividends is $5.87 lol
My income is only $38k take home after all deductions. Single no kids
Anyone have any idea roughly what I’ll owe?
I’m a beginner, so I’m definitely curious! The dividends amount. Is that the amount I owe? Or a percentage of the total amount?
I know taxable account is last on the investment list but it doesn’t seem like I’ll owe much? As well as, is it just all factored in with everything tax wise? Or do I owe just on this account then everything else is separate? My W2 etc? Or is everything factored in then what I owe or get back is based on the total of everything?
Thanks for any help!
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