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Retirement tax questions
@chewkong wrote:
Turbo Tax should calculate line 16 (Tax) from tax table.
No. If you have qualified dividends the tax cannot be taken from the Tax Table. The tax has to be calculated on the Qualified Dividends and Capital Gain Tax Worksheet, or possibly the Schedule D Tax Worksheet, depending on what else is in your tax return.
We cannot check the tax calculation because you have not told us your taxable income on line 15, and we do not know your filing status and the amount of your qualified dividends. There might be other information needed as well, particularly from Schedule D. But it does seem likely, as Critter-3 suggested, that some information from your mailed tax return was entered incorrectly in the IRS computers. That would mean that TurboTax is correct and the IRS is wrong. It does happen.
Carefully follow the instructions in the IRS notice for what to do if you disagree with it. Keep a copy of everything you send, and send your response by certified mail with a return receipt so you have tracking and proof of delivery. Be sure to reply by the date specified in the notice.