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Get your taxes done using TurboTax
@pod73811 wrote:
trusting TurboTax without being able to verify the computations is not easy.
You can verify the computations, but not in the simplified way that you visualize it. TurboTax did not invent the Qualified Dividends and Capital Gain Tax Worksheet. It's straight out of the IRS Instructions for Form 1040. TurboTax is just following the IRS instructions for calculating the tax. You can take the worksheet from page 36 of the IRS instructions and work through it yourself to confirm that TurboTax did it correctly. Make sure you follow the instructions on the worksheet to the letter. On lines 22 and 24 you will need either the Tax Table or the Tax Computation Worksheet, which are also in the IRS instructions, on pages 63 and 75.
‎February 23, 2023
12:29 PM