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Level 2

Question

qualified dividend

Forum|Forum|3 years ago
December 7, 2022
1 reply
5 views

on qualified dividend & capital gain tax worksheet last year line one = $ 1586.00

line two = $2945.00. married filing jointly.

line 24 was $159.00

line 25 was zero.

IRS just wrote me said I need to pay $159.00.

I don't understand.

line 11 was $29386.00 if you need to backup that far.

Level 15

we're missing some important data. based on what little you provided line 11 could not be $29,386. unless the amount you told us for line 2 is wrong. Most likely it should be $29545

regardless if line 25 is zero then you should owe the IRS zero unless there are additional taxes on your return which we can not see

or tell us the amounts if any on lines16 through 24 on the 1040

or contact

The Audit Defense service is provided by TaxResources, Inc., also called TaxAudit.com, in partnership with TurboTax. If you paid for Audit Defense and you received a notice, call TaxResources, Inc. at 877-829-9695, or report your notice on their website at http://intuit.taxaudit.com/. Do not contact the tax agency until you have spoken to TaxResources. They may contact them on your behalf.

Mike9241

momidwestAuthor

Level 2

the line two is on the qualified dividend worksheet. and it is like I said $2945.00.

where could you come up with 29545??? that is not correct amount.

line 2 is qualified dividends from line 3A on 1040.

does this help?

Thanks

Level 15

TurboTax knows how to calculate your dividend and capital gains tax.

That's what you're paying for.