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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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Tax Computation Detail
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Tax Computation Detail
Tax Computation Detail
Submitted by June on 12-08-2023 02:36 PMI would love to see a tidy breakdown of the tax computation. Right now, you can drill down into tax due amount on line 16 of a form 1040 if there is capital gains tax but it's not a super straight forward worksheet that a client or tax preparer can easily/quickly understand, and it doesn't go over the income tax breakdown. It would be nice to see how much of the total tax amount is pulling from each income bracket, how much tax is being calculated at each cap gains rate, etc
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Thanks for the idea for a worksheet to report tax computation details. We are changing the status to "Open for voting".
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