tammie
Level 4
12-07-2019
05:44 AM
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Client is disabled and at 68 years old never filed a tax return. Parents died and left trusts and stocks to the client. Now she has to file a tax return because there is income. Total income is 29,000. Taxable income (after standard deduction) is 15,500. No federal tax is calculating. Tax is calculating for Virginia. Why is federal tax not calculating? Thank you for your help
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IRonMaN
Level 15
tammie
Level 4
12-07-2019
05:44 AM
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That's it all the taxable income was in capital gains!! thank you for pointing me in the right direction
IRonMaN
Level 15
12-07-2019
05:44 AM
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You betcha! Luckily my ACME compass was working correctly today
:wink:
Slava Ukraini!

Slava Ukraini!