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Get your taxes done using TurboTax
George,
The tax table on Capital Gain is very helpful. I now have a slightly different question: can I see the actual calculation of the tax by Turbo Tax?. Right now Turbo Tax shows Taxable Income (line 15 of Form 1040) of 61746 and Tax (line 16) of 3528. The 61746 includes 27950 of capital gain. It is clear that the tax amount of 3528 is NOT based on 61746 (a quick look at the IRS tax table shows that). Is there somewhere within Turbo Tax that shows exactly how the 3528 was calculated?
‎April 5, 2023
3:49 PM