- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does TurboTax correctly calculate tax using Qualified Dividends & Capital Gains Tax Worksheet together with Foreign Earned Income Tax Worksheet?
I am a US citizen living and working abroad, my salary is excluded (Form 2555-EZ), so my taxable income consists only of my investment income, most of which is qualified dividends and capital gains. In have always done my returns by hand, but I am trying TT this year. Except for one year, when I sold a lot of investments to make a down payment on a house, I have not had to pay any US tax.
This year my taxable income, after deductions and exemptions, is $924. When I do the calculations on the worksheets by hand, the resulting tax is 0, but TT is calculating $137.
Has anyone else had a problem with these calculations?
Topics:
‎June 5, 2019
10:51 PM