topic Qualified dividend and capital gain worksheet calculation or (QDCGW) in Get your taxes done using TurboTax

Qualified dividend and capital gain worksheet calculation or (QDCGW)

kdwcpa — Wed, 11 Feb 2026 06:54:03 GMT

The (QDCGW) worksheet is calculating a zero tax liability, which i think is wrong, and i can't overide. The facts are as follows: qualified dividends of $88,000 and ordinary dividends of $90,000, capital gain from mutual funds of $2,000, interest income of $28,000, and after schedule A deductions, AGI of $88,000. Filing status is MFJ. When i calculated manually using worksheets from schedule D, from the form 1040 booklet, i come up with a tax liability of over $10,000, don't understand why turbo tax is calculating zero tax liability on the above? Can anyone give me some guidance on this? Thanks.

Re: Qualified dividend and capital gain worksheet calculation or (QDCGW)

Anonymous_ — Sun, 03 Mar 2024 18:39:24 GMT

On the worksheet, it's the smaller of line 23 or 24.

Also, did you mean "AGI" or "taxable income"?

Re: Qualified dividend and capital gain worksheet calculation or (QDCGW)

kdwcpa — Sun, 03 Mar 2024 19:57:01 GMT

I meant taxable income, I just looked up and I see that if your taxable income is below a certain threshold, then the qualified dividends could have a 0% tax rate. Never had anyone in that bracket before, so I wasn’t aware of the rule. Thank you for your response, I think it’s starting to make sense, since the taxable income is at the 0% threshold.

Re: Qualified dividend and capital gain worksheet calculation or (QDCGW)

Anonymous_ — Sun, 03 Mar 2024 21:16:46 GMT

@kdwcpa wrote:

....I think it’s starting to make sense, since the taxable income is at the 0% threshold.

Yes, appears to be the case with the figures you posted.