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GGME
Level 2

IRS Correction Notice on Turbo Tax filed Return

Has anyone received complaints about IRS correction on TurboTax 1040 Returns? IRS Recomputed Tax on Long-Term Capital Gain at Standard Tax Rates while TTAX computes at 15% Rate using "Qualified Dividends and Capital Gains Tax Worksheet". I may also add the tax return Form 8949 Part II did not have Section 1202 Exclusion from the eligible gain on QSB stock, and No collectibles Gain reported!

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