Question

form 8615 qualified dividend and capital gain worksheet

Forum|Forum|6 years ago
March 4, 2020
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There is an error on the form line 7 of 8615- Qualified dividend and capital gain worksheet. Line 8 says enter $39,375 if single and turbotax is automatically putting in only $3,700 which is incorrect and therefore overstating the taxes owed. How can this be changed or fixed?

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I think TurboTax is correct: in the 2019 Instructions for For 8615, on page 3 it says that when completing the QDCGT Worksheet for line 7 there are additional caps for line 8 and line 15 of the worksheet. the cap for line 8 is (Form 8615, line 6 + $2,600) and for line 15 it is (Form 8615, line 6 + $12,950).