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Get your taxes done using TurboTax
The tax calculation on the 2021 tax return is incorrect. When using qualified dividend and capital gain worksheet instead of form 1040 to calculate the tax, the tax calculation is supposed to be using line 5 of the qualified dividend and capital gain worksheet as the base. Instead it is using line 1 of that worksheet to calculate the tax (which is also the same as 1040 line 15). It's calculating incorrectly, and needs to be fixed. It is causing an overpayment of tax.
‎February 13, 2022
6:13 AM