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Level 2
June 6, 2019
Solved

Tax table in instructions says we owe 13,807, married filing jointly. Turbotax says 10,342. Line 43 is 89,307. Where can I find how 10,342 was calculated?

  • June 6, 2019
  • 2 replies
  • 22 views
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Best answer by Texas Roger
What is the source of the income? The tax table is only for ordinary income. If you had capital gains on investment sale or similar income, it is taxed at different rates.

2 replies

Level 15
June 6, 2019
What is the source of the income? The tax table is only for ordinary income. If you had capital gains on investment sale or similar income, it is taxed at different rates.
Level 2
June 6, 2019
I found the worksheet and the explanation, but it took some digging through the calculation worksheets.  Thank you for responding.