@Lindagmcd wrote:
In my case, we had $25,000 of capital gains tax. TurboTax calculated a tax of $7,000 or 28%. TaxAct calculated the rate at 15%.
I just conducted a quick test with $25,000 of capital gains (long-term), and the tax calculated on Schedule G is $3925 plus $454 in NIIT.
I cannot begin to determine where there error is on the return you prepared with TurboTax.
