Taxnofun
New Member

Qualified Dividends Not Correct

It does not appear Qualified Dividends and Capital and Tax Worksheet is Correct.

 on the form line 19 is 1,002, total taxable income on the 1040 is 1,189

  Line 22 says Figure the tax amount on line 5. ($187).   If the amount on line 1 is less than $100,000 use the tax table to figure the tax.  Under federal tax tables is says The tax rate on qualified dividends for a single person if income is under $41,676 us 0%.

So why is the tax calculated in turbo tax $19.00 rather than $0