topic How does Turbotax calculate tax due on income with qual dividends & LTCG? Specifially, what's the tax on a net income of $455566 with $16311 in qual dividends & LTCG? in Get your taxes done using TurboTax

How does Turbotax calculate tax due on income with qual dividends & LTCG? Specifially, what's the tax on a net income of $455566 with $16311 in qual dividends & LTCG?

arunrk — Mon, 03 Jun 2019 17:33:18 GMT

TurboTax uses the IRS Qualified Dividends and Capital Gai...

DoninGA — Mon, 03 Jun 2019 17:33:19 GMT

TurboTax uses the IRS Qualified Dividends and Capital Gains worksheet - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-prior/i1040gi--2018.pdf#page=40">https://www.irs.gov/pub/irs-prior/i1040gi--2018.pdf#page=40</a>

Thanks, DoninGA. I'm using that too but my tax calculatio...

arunrk — Mon, 03 Jun 2019 17:33:21 GMT

Thanks, DoninGA. I'm using that too but my tax calculation is $816 lower than TurboTax's - trying to find my error

Thank you so much! I didn't realize I made more than the...

arunrk — Mon, 03 Jun 2019 17:33:22 GMT

Thank you so much! I didn't realize I made more than the threshold on Line 15 this year - that explains the difference.

The worksheet is included in your tax return. Click on F...

DoninGA — Mon, 03 Jun 2019 17:33:23 GMT