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Where is Tax Bracket calculations by TurboTax
Married filing joint return.We have ordinary income that is fairly low but Long term capital gains that are substantial. I believe that up to a certain point ($78,750) taxes on ordinary income is 12% and long term capital gains is 0% until we cross over into the 22% bracket and then only the amount of over the 22% threshold are taxed at 15%. My question is how do I know TurboTax calculated this correctly? I see no worksheet that shows a breakdown of what income went into which tax bracket. Is there a way to find this out?
‎February 22, 2023
9:11 PM