Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Jun 7, 2019 4:43:43 PM

Schedule D- Line 13 - seems to be Calculated Wrong.

For my return  Schedule D line 13 seems to be linked to Schedule B ( Interest and Ordinary Dividends)  when using the direct links in the forms view.


When tracing this back. It is taking Schedule B Line 4 (Interest income , also 1040 Line 2b)  and Schedule B  Line 6 ( Ordinary Dividends income, also 1040 line 3b) and adding them together. But it is also adding in a third extra number which I can't seem to find the source for. 

The instructions in Quicken list this

Schedule D : Line 13

Sum of
Form 8814 (Untitled) Line 10   
plus total capital gain distributions reduced by adjustments, from the Interest and Dividend Income Worksheet.


I dont have or use Form 8814 for Child Interest .  And I don't see anything labeled Interest and Div Income Worksheet  . Only Schedule B .


Anyone have any Idea where it is getting another number to add to this equation ?  Besides  Schedule B Line 4 (Interest income , also 1040 Line 2b)  and Schedule B  Line 6 ( Ordinary Dividends income, also 1040 line 3b)


Thanks




0 1 2186
1 Best answer
Level 3
Jun 7, 2019 4:43:44 PM

Never Mind,    The Link in the forms page isn't specific enough.  It goes to the page but not the correct column.

It isn't actually pulling anything from Schedule B Line 4 (Interest income , also 1040 Line 2b) and Schedule B Line 6 ( Ordinary Dividends income, also 1040 line 3b) 

Its pulling it all from the sum of the sum of BOX 2A Capital Gains Distribution  column  on The Dividend Income Smart Worksheet

1 Replies
Level 3
Jun 7, 2019 4:43:44 PM

Never Mind,    The Link in the forms page isn't specific enough.  It goes to the page but not the correct column.

It isn't actually pulling anything from Schedule B Line 4 (Interest income , also 1040 Line 2b) and Schedule B Line 6 ( Ordinary Dividends income, also 1040 line 3b) 

Its pulling it all from the sum of the sum of BOX 2A Capital Gains Distribution  column  on The Dividend Income Smart Worksheet