Just completed my 2022 Federal Tax Return (1040) using Turbo Tax Deluxe.
Why is line 35a (amount to be refunded to me) $11 less than line 34 (amount overpaid)?
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Is there an amount on Line 38 Estimated Tax Penalty?
You are correct. I found it couple days ago. Long story short, I had a large minimum required distribution from my 401K in December resulting in having to pay large estimated tax in 4th quarter to cover it (which I paid). TurboTax did not know this and assumed I owed interest and penalty. I fixed it with tax form showing uneven income for the year so I ended up with a refund with no penalty/interest. Thanks.
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