@ichidtlb wrote:
I'm filing my first 1041. Would somebody tell me if I'm in the ballpark? Taxable income is $46883 and the tax from Schedule G is $15660.
Are you using TurboTax Business?
Regardless, the type of income makes a difference (e.g., qualified dividends, long-term gain, etc.). However, with the simple input of that amount (as all taxable interest), TurboTax is returning $15,705 plus $1,297 of NIIT (net investment income tax).
