Hello DaveF1006,
thanks for your reply but I believe that TaxDavey's question refers to my original question on this thread concerning how TurboTax calculates line 18 - which remains unanswered...
You are correct that the starting point for Line 18 is the income reported in Box 15 of Form 1040. However, on the IRS form there is the following comment: "Caution: If you figured your tax using the lower rates on qualified dividends or capital gains, see instructions". These instructions lead you to a worksheet that allows you to adjust the value reported in Box 15 of Form 1040 to take into account qualified dividends and capital gains. This appears not to be done by the system, even though TurboTax does calculate the overall tax based on lower rates on qualified dividends and capital gains - so something appears amiss.
Can I request that you specifically look at the 'Caution' note on Line 18 and advise why TurboTax appears to ignore these instructions.
Thanks
