April 2019 TT Said I Owed $1800 Federal but Now after all updates says I owe only $1178

Forum|Forum|6 years ago
October 14, 2019
9 replies
41 views

Does this make sense to anyone? I actually made a copy of the TT file and the original said my FED burden was ZERO vs $1800 in april. Then I opened my backup and that one said I owed $1178 vs $1800 in April. I'm freaking out here. What could have happened to the files? And I'm NOT getting any corruption errors/warnings.

TurboTax Home & Biz Mac

VolvoGirl

Level 15

Did you make a payment with the extension? Or say you would? Check schedule 5 line 71. Maybe it thinks you paid one.

There was also this......

If you filed early and had Schedule D for investments or sales in your return the IRS had an update.

IRS info on Schedule D changes (after May 15, 2019)

https://www.irs.gov/forms-pubs/error-in-tax-calculation-in-schedule-d-tax-worksheet-form-1040

zenmsterAuthor

Level 6

No, I paid the amts due based on TT in April in full to both Fed and State. YES! I have a sched D - do you thinik that affected my taxes by the amts listed? I DEFINITELY have a SCHED D!!!

VolvoGirl

Level 15

If your extension payment did not automatically show up on 1040 Schedule 5 line 71 which goes to 1040 line 17 you need to enter it. So make sure it's not already there before you enter it!

You can type estimates paid in the search box at the top of your return and click Find and it will give you a link to Jump To the screen where you enter Extension Payments.

To enter the amount you paid with an extension (including state extension) go to

Federal Taxes (or Personal for desktop H&B version)

Deductions and Credits

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Update button

Next page second section Payments with Extension

Either Visit All or Click Start or Update by the extension you paid