Tax Calculation Question

bill Pohl · ‎April 04, 2025

I am filing an amended 2024 return. I received a K-1 after our taxes were filed and accepted. After entering the data, taxable income went down but the tax amount went up. The tax method used by Turbotax was"QDCGTW". Could the higher tax be an error or simply a change in mix between ordinary income and capital gains. The tax increase isn't a lot but I'd like to understand this better. Thanks.

AmyC

The qualified dividend and capital gains tax worksheet is used to lower taxes that involve those taxable items. This removed some of your income and added the separate tax.

See Qualified Dividends and Capital Gain Tax Worksheet.

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