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New Member
posted Mar 13, 2023 8:13:27 AM

How can I see a detailed calculation for line 16 on form 1040. When I compare the Turbo Tax amount in line 16, it differs to mine.

I used the Tax Table.  I think Turbo tax is including the dividends at 15% and then again at 24%.

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2 Replies
Expert Alumni
Mar 13, 2023 8:44:57 AM

To see the detail of your Form 1040 Line 16, print out Schedule D Tax Worksheet. 

 

Level 15
Mar 13, 2023 9:20:34 AM

you can't use the tax table when you have qualified dividends and or long-term capital gains. they get taxed at a special rate.  there are also other situations where you can't use the tax tables.