Why is Turbotax applying a tax rate to an annuity death benefit that is higher than my marginal tax rate?

Justin8 — Thu, 06 Jun 2019 14:47:37 GMT

You cannot look at just the monitor to determine what tax...

Anita01 — Thu, 06 Jun 2019 14:47:38 GMT

You cannot look at just the monitor to determine what tax rate the program is applying to specific income. When you enter income of any type, that changes the Adjusted Gross Income on your tax return, which causes many other changes in your return besides the tax rate applied to specific income. Deductions and credit on your return may change because many of them are sensitive to AGI, for example.

topic Why is Turbotax applying a tax rate to an annuity death benefit that is higher than my marginal tax rate? in Get your taxes done using TurboTax

Why is Turbotax applying a tax rate to an annuity death benefit that is higher than my marginal tax rate?

You cannot look at just the monitor to determine what tax...