I'd like to keep this polite, and I will, but the responses I see seem silly.
For example >> And they would need all your tax returns and tax documents to do it.
so let's be clear. I created a test case which couldn't be simpler.
The test case is a dependent who has $5000 of qualified dividends.
That's it. That's all the input to the system. Nothing more.
I set up a 1099 div and put 5000 in 1a and 1b. You can do this yourself
in 10 seconds. Turbotax is now saying the tax is $23
With the TCJA rules, there's the 1100 standard deduction on line 9
leaving 3900. That's not rocket science.
The computation was 15% of (5000-3750). So this is not higher order mathematics.
This gives $23.
My question is what is this $3750? This is NOT a math whiz question. So I wish to politely
ask you not to keep saying it is.
It appears on line 8 of the 8615 QDCG worksheet, where it says enter $39,375 if single, and there it is
$3750. A magic number from thin air.
it's okay that tax accountants don't know but not so nice that they don't want to admit they don't know
and try to hide the ignorance in a complexity that's not there. There is a difference between complexity
and lack of transparency. What's going on here is the latter not the former.
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