- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You're welcome. Yes, TurboTax will show whatever worksheet it uses to calculate your tax, including the Qualified Dividends and Capital Gain Tax Worksheet if that's what it uses.
There are actually seven different methods that can be used to calculate the tax on Form 1040 line 16, depending on what types of income you have and other things in your tax return. The IRS instructions for Form 1040 line 16 explain the conditions for determining which of the 7 methods to use, starting at the bottom of the middle column on page 33 of the 2022 Instructions for Form 1040.
In TurboTax there is a Tax Smart Worksheet that has 7 checkboxes that show you which method TurboTax used. In the CD/Download TurboTax software you can see the Tax Smart Worksheet in forms mode. It's between lines 15 and 16 in the first section of the Form 1040 or Form 1040-SR Worksheet.
The seven methods of calculating the tax are the Tax Table, Tax Computation Worksheet, Form 8615, Schedule D Tax Worksheet, Qualified Dividends and Capital Gain Tax Worksheet, Schedule J, and Foreign Earned Income Tax Worksheet.
I won't speculate on how H&R Block decides which worksheets to show you, or what they think of their customers.