Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

My client's tax ($202,955 taxable income) is calculating incorrectly. Am I missing something? It comes out at $34,780, I calculate it at $37,202. Is there a glitch?

 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
abctax55
Level 15

Check the Sch D computations...

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

View solution in original post

0 Cheers
4 Comments 4
abctax55
Level 15

Check the Sch D computations...

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
sjrcpa
Level 15

Does client have Qualified Dividends and/or long term capital gains?


Ex-AllStar
0 Cheers
abctax55
Level 15
you beat me :joy::joy:
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
Yes they do. I just saw the alternate calculations.
0 Cheers