DawnC
Expert Alumni

Get your taxes done using TurboTax

TurboTax may be using the Qualified Dividends and Capital Gains Worksheet to calculate your tax liability.    To be sure of what worksheet you need to check, look at your Form 1040/1040SR Wks.   The tax computation is on the Tax Smart Worksheet that is located between Line 15 and Line 16.   If A1 is checked, your tax liability came from the tax tables.   But if any other line has a checkmark, you will have to go to the corresponding worksheet to see the tax calculation.   

 

Some income is taxed at different rates (Qualified Dividends/Long-Term Capital Gains are taxed at a lower rate than ordinary income).   In the example below, the tax calculation comes from the Schedule D Worksheet (Line A3 has the X), so you would need to find that worksheet to see the details of how your tax liability was calculated.  

 

 

 

 

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