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ljwez
New Member

Turbotax tax owed calculation for my return does not match the irs tax table amount.

 
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5 Replies

Turbotax tax owed calculation for my return does not match the irs tax table amount.

There are like 7 ways to figure the tax.  If you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D.  The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet.  It does not get filed with your return.

 

In the online version you need to save your return as a pdf file and include all worksheets to see it.

 

For the Desktop version you can switch to Forms Mode and open the worksheet to see it.  Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet.

Turbotax tax owed calculation for my return does not match the irs tax table amount.

Everything does not go by the same "table"---- do you have any capital gains or qualified dividends, for example?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
ljwez
New Member

Turbotax tax owed calculation for my return does not match the irs tax table amount.

Thanks. I’m checking that now. 

ljwez
New Member

Turbotax tax owed calculation for my return does not match the irs tax table amount.

Ok. I do have qualified dividends, and it appears like that amount reduces my taxable income by the same amount. I ‘viewed’ and saved my tax return before I efile, but there is not a schedule showing the revised tax calc..  I’ll proceed and maybe it will show up after. If Turbotax calculated it wrong, I guess I’m covered. 

thank you!!

ljwez
New Member

Turbotax tax owed calculation for my return does not match the irs tax table amount.

Efiled, and qualified dividends was the issue. Filed return documents have the schedules.

 

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