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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Total Tax Table/Rate Schedules Tax seem to be wrong for last bracket within the Tax Plan tool
Total Tax Table/Rate Schedules Tax seem to be wrong for last bracket within the Tax Plan tool
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cakeen
Level 3
05-06-2024
04:55 PM
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Within Tax Plans, followed by "Tax," I'm finding the tax due in the very last tax bracket to be wrong, when I do my own calculation. It's correct for every bracket up to the last one, so it doesn't make sense. It appears the last bracket is not subtracting qualified dividends before calculating the overall tax. Are qualified dividends supposed to go somewhere special so the ending result is correct?
Thank you,
C
1 Comment 1
George4Tacks
Level 15
05-08-2024
09:43 AM
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Look at the whole return. Yes, qualified dividends are treated differently. Check Return > Worksheets --- What do you see there?
What is that stupid 8959 doing to my tax???
And where the $&*(# did that 8960 come from???
Answers are easy. Questions are hard!
