LT Cap Gains from Sch 1 ln 13 gets added into 1040 Ln 6 to get Total Income >> Taxable Income.. Where in TT does it show the actual LT Cap Gains Tax on the 1040?

ridgwel · ‎June 1, 2019

I can't find where the 15% LT Cap Gains tax is calculated. It sure appears that this LT Cap Gains is included in Total Taxable Income and taxed accordingly.

SteamTrain · ‎June 1, 2019

If you are using the Desktop software, you switch to Forms Mode and look at the Qual Div/Cap Gn worksheet.

If you re using the Online software, you would have to get a PDF from the Print Center...but select the choice to get all forms and backup worksheets

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

SteamTrain · ‎June 1, 2019

If you are using the Desktop software, you switch to Forms Mode and look at the Qual Div/Cap Gn worksheet.

If you re using the Online software, you would have to get a PDF from the Print Center...but select the choice to get all forms and backup worksheets

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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LT Cap Gains from Sch 1 ln 13 gets added into 1040 Ln 6 to get Total Income >> Taxable Income.. Where in TT does it show the actual LT Cap Gains Tax on the 1040?