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mcd3
Level 2

The calculation on Form 2210AI line 14 in the first three columns is incorrect. The qualified dividends have been properly annualized but the capital gains have not been.

This correction should be made when this form is updated and finalized
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1 Reply

The calculation on Form 2210AI line 14 in the first three columns is incorrect. The qualified dividends have been properly annualized but the capital gains have not been.

mcd3,

 

I input my own tax return last night which has short term and long term stock capital gains entries, qualified dividends, and mutual fund capital gains distributions.  This morning I entered the requested information into the 2210 AI dialogue and it did calculate it correctly matching my own penny-precise hand calculation using the Qualified Dividend and Capital Gains worksheet.

 

I recommend you make sure to update to the latest version (if you are using a desktop TurboTax) and try again.  Let me know if you are still having anomalous results and we can dive deeper.

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