VIEW TAX SUMMARY --> helped a bit. But not fully. It says extra taxes of ~$2K. That's all. They should have had a better description for tax-liability
I found out from another tax software that I need to pay extra NIIT Tax of 3.8% on net investment income.
The $76K of tax-liability quoted by TT included $1300 of additional medicare tax and $927 of NIIT.
The regular medicare tax of $7K is put in a separate bucket. and additional Medicare-tax is clubbed with the fedral tax liability. This makes it unnecessarily complicated.
Thanks to another TAX-SOFTWARE, everything clarified (also previews every new form at every step). Wish TT had proper explanation (especially since they charge 10x more than the other software).
