Do I count the income after the expenses or before? Is there a way to see total gross with Turbo Tax?
Does your tax return contain a Qualified Dividends and Capital Gain Tax Worksheet (page 36) or a Schedule D Tax Worksheet to compute your income tax?
Review the worksheet to see how your income tax was computed and how your capital gains were taxed in the calculation.
In the online versions, you may view or print at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets after you have paid for the software.
In the Desktop versions, one can look at the tax return by clicking FORMS, or by viewing the PDF through the Print Center.
Hi James. I did not file yet. I don't think the Schedule D was generated automatically yet. I did click on view tax summary and it says $84,594 for 2024, so less than I calculated. Still wondering why my Crypto proceeds are being taxed at 22%. Let me know if I can check anything else. Thank You.
Tax Summary is a snapshot but does not tell you how the tax was computed. The Qualified Dividends and Capital Gain Tax Worksheet and Schedule D Tax Worksheet are worksheets that I might expect to see being used to compute your tax. The worksheets used (if any) are determined by the composition of your individual tax return.
You will have to view the actual tax return paperwork to see how the tax breakdown is computed.