Enter the result as a decimal, but not more than 1 7. Multiply the amount on line 1 by the decimal on line 6 8. Subtract line 7 from line 1. A Line 12. Use the 2001 Tax Rate Schedules at the end of this chapter or in the instructions to Form 1040-ES to figure your annualized income tax.
Capital gains tax computation.
Instead, your net capital gain is taxed at a lower maximum rate. Use the following worksheet to figure the amount to enter on line 12 if the amount on line 1 includes capital gain. Worksheet 2.9 1. Enter your annualized net capital gain expected for 2001 3. If zero or less, enter 0 4.