I would like to see how Turbotax calculated my 1040 line 16 Tax due.
Specifically, I would like to see if the long term capital gains were removed from 1040 line 15, Taxable Income.
I would also like to see if the IRS Tax Tables were used or if Turbotax calculated my tax.
Is there a Worksheet or other Form that I can see or preview to learn this information?
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Thank you for the information.
I found the needed Tax calculation on the form "Qual Div/Cap Gn" in my version of TurboTax.
I also see that the same/similar calculations are shown on the "Schedule D Tax Worksheet".
If you are using the desktop software, then at any time you go go into Forms mode (upper right) and look for a form with a name like this: Qua Div/Cap Gns. This is the worksheet that show how the tax is calculated if you have either capital gains or qualified dividends. There are other worksheets, but this is the most common one.
If you are using the Online product, you cannot see this form until you pay for the product.
Thank you for the information.
I found the needed Tax calculation on the form "Qual Div/Cap Gn" in my version of TurboTax.
I also see that the same/similar calculations are shown on the "Schedule D Tax Worksheet".
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