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March 28, 2020
Question

If I have taxable income, why do I not owe tax?

  • March 28, 2020
  • 1 reply
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Line 11b shows income but Turbo Tax says I do not owe tax

1 reply

DoninGA
Employee
March 28, 2020

Did you enter any qualified dividends or capital gains on your tax return?  If so, the tax tables are not used for your taxable income but the Qualified Dividends and Capital Gains Worksheet so you may well not have any tax liability.

IRS website for the QDCG worksheet - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=33