topic TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right? in Retirement tax questions

TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

bstevens33 — Thu, 30 Jan 2020 23:59:33 GMT

Re: TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

SteamTrain — Fri, 31 Jan 2020 00:33:29 GMT

Probably the TTX calc.

You are likely just using the tax tables....but the tax tables alone aren't used if you had any $$ in boxes 1a,1b, or 2a of a 1099-DIV form, or any other long-term capital gains on brokerage transactions. Special calcs. are used since those other types of income are taxed at lower rates,or not at all..

Re: TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

bstevens33 — Fri, 31 Jan 2020 01:07:13 GMT

Yes, your explanation fits my situation and is undoubtedly the answer! Thanks for the quick response!! Much appreciated.

Re: TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

StarP — Wed, 05 Feb 2020 20:26:25 GMT

thanks,. I was looking up for same question and your answer helped me figure it out

topic TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a &amp; 12b tax shows $5,257 but I calculate it $5,296.52. Which is right? in Retirement tax questions

TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

Re: TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

Re: TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

Re: TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right?

topic TT's 1040 line 11b for 2019 shows taxable income of $47,371 ( married filing jointly ). line 12a & 12b tax shows $5,257 but I calculate it $5,296.52. Which is right? in Retirement tax questions