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March 13, 2023
Question

How can I see a detailed calculation for line 16 on form 1040. When I compare the Turbo Tax amount in line 16, it differs to mine.

  • March 13, 2023
  • 2 replies
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I used the Tax Table.  I think Turbo tax is including the dividends at 15% and then again at 24%.

2 replies

March 13, 2023

To see the detail of your Form 1040 Line 16, print out Schedule D Tax Worksheet. 

 

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March 13, 2023

you can't use the tax table when you have qualified dividends and or long-term capital gains. they get taxed at a special rate.  there are also other situations where you can't use the tax tables.