The IRS instructions for Schedule D state that "Capital Gains and qualified dividends: For tax year 2020, the 20 percent maximum capital gain rate applies to estates and trusts with income above $13, 150" The 0 percent and 15% rates continue to apply to certain threshold amounts. Therefore, if 100 percent of my income is from qualified dividends and capital gains, my overall tax rate should be between 0 and 20 percent. However, Turbotax calculates my tax at 28 percent (before NIIT). It is clearly using Trust regular income rates for the calculation where the maximum rate is 37 percent (I calculated manually to confirm). So, how do I file when the underlying calculation within the code of the Turbotax program is clearly wrong?
