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 · ‎June 3, 2019

DoninGA · ‎June 3, 2019

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/i1040...>

arunrk · ‎June 3, 2019

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

arunrk · ‎June 3, 2019

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

DoninGA · ‎June 3, 2019

The worksheet is included in your tax return. Click on Forms in the upper right of the desktop program screen. In Forms mode click on Qual Div/Cap Gain on the left side of the screen to open the worksheet.

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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?

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?

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?

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?

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?

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

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

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

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

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

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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?

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?

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?

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?

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?