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Get your taxes done using TurboTax
I am using TT Deluxe, and indeed there is a form called Qualified Dividends and Capital Gain Tax Worksheet. On this form, line 2 does have the correct amount of Qualified Dividends. And the amount is indeed being used in line 4 and 17 to calculate the long term capital gain using a rate 15%. There are a dozen number of this form, and is a bit dizzling to go through all of them, but looks correct though. So I think TT is doing the right computation, but I think the UI can be improved. It would be much better if Qualified Dividend is computed and reflected in the Capital Gain worksheet. This is far more intuitive and easier to follow. Now this change may need actions from both IRS and TT though...
March 30, 2025
4:13 PM
253 Views