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%.
02444
2 Replies
HelenC12
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.
Mike9241
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.