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February 18, 2024
Solved

Using turbo tax I found an error between the taxable income on 1040 line 15 and the tax value indicated of line 16. How are these errors corrected?

  • February 18, 2024
  • 2 replies
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Best answer by SteamTrain

@knght100_now-myf 

 

Or.....if you have Qualified Dividends and/or Capital Gains from investments as part of your income, then tax tables are not used directly, and one of a couple special tax calculation worksheets are used instead.

2 replies

February 18, 2024

Clarification

What error did you find? Why do you believe it is an error? The value is calculated using the tax table

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SteamTrain
Employee
February 18, 2024

@knght100_now-myf 

 

Or.....if you have Qualified Dividends and/or Capital Gains from investments as part of your income, then tax tables are not used directly, and one of a couple special tax calculation worksheets are used instead.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*