Did turboTax (TT) made a mistake ?
It transferred the amt on
line 37 of my 2020 return ( tax I owe)
to line 26 of my 2021 return (est payments}.
This caused me to get a larger refund than was correct. I am now working with the IRS on how to pay this back
Original 2021 return, refund = 2505
Corrected 2021 return refund should be = 1245.
You'll need to sign in or create an account to connect with an expert.
Never heard of that. Did you maybe enter the tax you paid last year? Like if Turbo Tax asked if you paid any taxes? I think you had to enter that yourself. An estimated payment could only come from a prior year refund not a tax due. And even then you would have to manually enter it.
Do you intend to have part of your 2020 refund applied to 2021 estimated taxes?
I'll have to check to see if I mistakingly entered that number. thank you
I didn't get a 2020 refund, I owed taxes and it might be that I entered it by mistake. Oops !
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.
kathlyncentino06
New Member
JodyV27
New Member
Jmlemons93
New Member
ccnan
New Member
drichardson90
Level 2