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347309ls
July 3, 2020
Question

My taxable income is 10,622.00. Turbo calculated the tax as 1,051.00 - I looked up the tax table and it says the tax should be 1,081.00. Why is Turbo different?

  • July 3, 2020
  • 1 reply
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1 reply

VolvoGirl
VolvoGirl
Employee
July 3, 2020

It depends on what kind of income you have, if you have capital gains or qualified dividends the tax on line 12 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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