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New Member
posted Apr 10, 2025 6:12:14 PM

TurboTax calculates "gross income from all sources" in a smart worksheet. How is calculation done (answer from Nova> seems incomplete)?

Checked multiple resources and Nova's answer is most complete. However, I'd really like to see the smart worksheet to compare those numbers with the ones I can find in my return. Thanks

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5 Replies
Expert Alumni
Apr 15, 2025 8:51:44 PM

Here's some info on Calculating AGI/MAGI.

 

@Tom Weir 

New Member
Apr 16, 2025 10:09:15 AM

AGI and MAGI are calculated transparently in TT. ‘Gross income’ has a hidden worksheet. Did some what-if scenarios for my particular situation. Specifically, capital losses (or at least some) are not included in gross income. If you had a $20k gain and $10k loss, you’d add in $20k. This can be a problem if you use the ‘category totals’ method rather than entering individual sales. For example above, the categories method would add $10k (20-10=10) to gross income rather than the correct $20k. Form 1116 favors a higher gross income to increase tax credit.

Level 2
Apr 28, 2025 10:46:34 AM

Is there any way to see the 'hidden worksheet'?

Expert Alumni
Apr 28, 2025 11:19:24 AM

You can view all your worksheets, forms and schedules.   In the desktop program, click on Forms in the upper right corner, and when using TurboTax Online, you can view forms from the Print Center.    @KimT-IL 

 

New Member
Apr 28, 2025 8:30:09 PM

KimT-IL, thanks for your answer.  I would wish it were that simple. Attached is the only reference to "Gross income from all sources" I could find in desktop or printed forms (hopefully I redacted the amount for privacy).

I saw in a post that the PC version of Turbotax allows you to view the smart worksheet but the MAC version does not.  Perhaps that is why I cannot view it.

 

Also note, I posted a potential problem of not being able to see and edit the spreadsheet if someone enters category totals for capital gains.

 

Thanks again.