An extraneous, value unknown to me appears in the Deductions/Credits page for Other Income Tax. When I enter the section, none of the conditions apply to me, I have made no entries or edits. All the prompt boxes show START, yet a somewhat large value has been generated.
How do I remove or verify that the value shown is not affecting my current year tax return?
You'll need to sign in or create an account to connect with an expert.
Since you are using the desktop version of the program, you should be able to click on the actual number itself and a breakdown of what encompasses that number should show on screen. (There is also a tax payments worksheet in your Forms Mode that would show those entries).
The number itself summarizes ALL of the taxes you have paid either directly or through withholdings on Forms such as W2s, 1099s, etc for both your federal and state returns. For example, that number would include both of your Federal and state withholdings from your W2s. It can also include local taxes, refunds applied to this year's taxes from a prior year, balances due from prior years that were paid in this year, and payments made with any extension you might file.
Since you are using the desktop version of the program, you should be able to click on the actual number itself and a breakdown of what encompasses that number should show on screen. (There is also a tax payments worksheet in your Forms Mode that would show those entries).
The number itself summarizes ALL of the taxes you have paid either directly or through withholdings on Forms such as W2s, 1099s, etc for both your federal and state returns. For example, that number would include both of your Federal and state withholdings from your W2s. It can also include local taxes, refunds applied to this year's taxes from a prior year, balances due from prior years that were paid in this year, and payments made with any extension you might file.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
byrdstarasia
New Member
tompatty66
New Member
ogstuffdamighty
New Member
AndiW
New Member
paigef89
New Member