kdwcpa
Returning Member

Qualified dividend and capital gain worksheet calculation or (QDCGW)

The (QDCGW) worksheet is calculating a zero tax liability, which i think is wrong, and i can't overide. The facts are as follows: qualified dividends of $88,000 and ordinary dividends of $90,000, capital gain from mutual funds of $2,000, interest income of $28,000, and after schedule A deductions, AGI of $88,000. Filing status is MFJ. When i calculated manually using worksheets from schedule D, from the form 1040 booklet, i come up with a tax liability of over $10,000, don't understand why turbo tax is calculating zero tax liability on the above?  Can anyone give me some guidance on this? Thanks.