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Get your taxes done using TurboTax
Yes, TurboTax uses the Qualified Dividends and Capital Gain Tax Worksheet – Line 16 when you have capital gain distributions but aren’t required to file Schedule D.
Instead of Schedule D figures, the calculation uses the amount from Form 1040 or 1040-SR, line 7, as required by the worksheet.
Please see the worksheet in 2021 Instruction 1040 for more information. Also note the “*” at the bottom of the worksheet if you’re filing Form 2555.
April 6, 2022
5:42 AM