Get your taxes done using TurboTax

There is no tax due on long term capital gains for married filing jointly with an income of $80,000 or less. So your software should have ended up ignoring any long term capital gains, correct?

https://www.bankrate.com/investing/long-term-capital-gains-tax/ 

 

The net short term capital gain of $2649 was properly included as ordinary income on line 7.  All other entries on the 1040-SR are I believe correct except for the tax due which the TT software undercalculated by $324.

 

Also can you post here if it's not too much trouble how the TT software calculates how much of one's social security is taxable?

 

My tax advisor said that filing an amended return this early would confuse the IRS because they don't have all of the necessary 1099s, etc. available for matchup.

 

Can you post a link to your online amended 1040 form?