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kkarnosh
Returning Member

2019 Taxable income calculation off?

2019 Taxable income was $20,000, Turbo Tax calculated $0 tax. Tax tables say it should be $2000. Did it online, there are no worksheets or anything that shows how this was calculated...

Is Turbo Tax correct?

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4 Replies

2019 Taxable income calculation off?

The tax table is only one of 7 ways to calculate the tax.  If you have capital gains or qualified dividends then the tax is calculated on the "Capital Gains and Qualified Divided Worksheet".

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
kkarnosh
Returning Member

2019 Taxable income calculation off?

Yes, and the download software used to let you see these worksheets. I wanted to see the worksheets to know how my tax was calculated and it's not available in any obvious way on Turbo Tax online. Luckily I found a post in one of the forums that showed how to access the Print Center by starting the process to amend the return and I was able to get the worksheets:-)  But this is way more difficult than it should be and the fact that there is no help available other than the forums unless you pay extra for a "tax advisor" is extremely frustrating.....

2019 Taxable income calculation off?

The forms mode on only in the desktop versions.  

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
kkarnosh
Returning Member

2019 Taxable income calculation off?

Worksheets can be printed with the return if you select amend and then go to the Print Center.

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