Does Turbotax Delux have a worksheet that shows how the fed tax on line 16 of F1040 is calculated?
Is there a similar worksheet in the state products?
You'll need to sign in or create an account to connect with an expert.
If you are using TurboTax Desktop, you can switch to Forms and look at
1040/1040SR Wks
Scroll down to Tax Smart Worksheet
Often the programs uses Tax Tables or
Qualified Dividends and Capital Gain Tax Worksheet
Most states will tax on a certain percentage listed on the state return, but it depends on the state.
If you are using TurboTax Desktop, you can switch to Forms and look at
1040/1040SR Wks
Scroll down to Tax Smart Worksheet
Often the programs uses Tax Tables or
Qualified Dividends and Capital Gain Tax Worksheet
Most states will tax on a certain percentage listed on the state return, but it depends on the state.
Ok. I found the worksheet. Thank you.
TurboTax does not have a Tax Computation Worksheet as a form or worksheet.
The calculation is done internally.
You can see the Tax Computation Worksheet on page 77 of the IRS instructions for Form 1040.
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