Why does turbotax fail to use capital gains rates ...
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atwoodhs
New Member

Why does turbotax fail to use capital gains rates instead of ordinary income rates?

 
2 Replies
ColeenD3
Employee Tax Expert

Why does turbotax fail to use capital gains rates instead of ordinary income rates?

What are you referring to? Sale of stock? Sale of property?

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VolvoGirl
Level 15

Why does turbotax fail to use capital gains rates instead of ordinary income rates?

Even though it shows up as income on the first page,  if you have capital gains or qualified dividends the tax on line 16 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.

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