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Level 2
Mar 20, 2022 4:31 PM UTC
Question

Missed error

There was an error on my 1040-SR. I exceeded the limit on adjusted gross income and increased my tax liability

This wasn't flagged using the home & business program. What happened? All other errors were flagged and corrected. 

8 replies

AliciaP1
Alumni - Intuit
Mar 20, 2022 5:17 PM UTC

Can you clarify what the error was and how you determined there was an error?

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crmccartyAuthor
Level 2
Mar 20, 2022 6:00 PM UTC

Line 11 adjusted gross income on the 1040-SR was $150,701. Maximum allowed is $150,000.

This issue was one of five reasons listed that  could cause the IRS to recalculate my return in the letter I received

DoninGA
Level 15
Level 15
Mar 20, 2022 6:05 PM UTC

@crmccarty wrote:

Line 11 adjusted gross income on the 1040-SR was $150,701. Maximum allowed is $150,000.

This issue was one of five reasons listed that  could cause the IRS to recalculate my return in the letter I received


On IRS Forms 1040 or 1040-SR there is no maximum amount for Adjusted Gross Income.

What credit are you referring to which would limit the AGI to $150,000?