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1040x - added dividend of 10.49 and adjusted gross income increased by 18.00 not 10.49. why not 10.49.

 
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1040x - added dividend of 10.49 and adjusted gross income increased by 18.00 not 10.49. why not 10.49.

The most common explanation for this scenario is if you also have taxable social security benefits.  The increase in other taxable income can directly increase the amount of your taxable social security benefits, which leads to an increase in adjusted gross income.  Its also possible that you may be subject to phase outs for certain deductions (i.e. student loan interest) and, as your income increases, you are eligible for less of a deduction, which, in turn, has a double effect on your AGI.

When you print out your Form 1040X, you should also get a new copy of your Form 1040.  The best thing to do is to compare the new Form 1040 to an old print out or saved copy of your return.  If you never saved a copy of your original return, the copy under PDF on your tax homepage right when you log into TurboTax will likely still be your old version as it takes awhile for the system to update your tax file once you process an amendment.   

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1040x - added dividend of 10.49 and adjusted gross income increased by 18.00 not 10.49. why not 10.49.

The most common explanation for this scenario is if you also have taxable social security benefits.  The increase in other taxable income can directly increase the amount of your taxable social security benefits, which leads to an increase in adjusted gross income.  Its also possible that you may be subject to phase outs for certain deductions (i.e. student loan interest) and, as your income increases, you are eligible for less of a deduction, which, in turn, has a double effect on your AGI.

When you print out your Form 1040X, you should also get a new copy of your Form 1040.  The best thing to do is to compare the new Form 1040 to an old print out or saved copy of your return.  If you never saved a copy of your original return, the copy under PDF on your tax homepage right when you log into TurboTax will likely still be your old version as it takes awhile for the system to update your tax file once you process an amendment.   

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