Incorrect entry onSchedule 2

Forum|Forum|1 year ago
March 26, 2025
5 replies
37 views

After I e filed my Federal Taxes I discovered that Schedule 2 has an incorrrect entry on Part 2, line 8 . I asked your support where did that figue come from and I was told it shouldn't be there and to submit an ameded return. Problem is I cannot remove or change the number. So I asked that Schedule2 be removed from my amended effort. Trouble is it won't do that and it makes my Tax bill be $30,000 more than I expected.

My Financisl Adviser noticed the very large discrepancy.

When I completed the Amended return and tried to submit it, it won't acknowledge that I am owed a refund.

DawnC

Employee Tax Expert

Do you have Form 5329 in your return? Line 8 on Schedule 2 is additional tax on IRAs or other tax favored accounts. There may have been an issue with your 1099-R forms. I would recommend deleting the 1099-R forms and re-enter them to correct the issue.

How do I amend my federal tax return for this year?

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ditret00Author

Level 2

Yes there is a Form 5329-S. It only has entries in Part IX. The Total is $11,152.00. The final entry on line 55 is 620. There is an entry on Form 1040-X, line 10 Other taxes 38,764.. I still don't understand where that number came from.

Is thiis some sort of SCAM going on here?

KeshaH

Alumni - Intuit

If you'd like, we can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.

If you're using TurboTax Online:

Once you're logged in to your account and have your amended return open,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

If you're using TurboTax Desktop:

Click on Online in the top menu of TurboTax Desktop for Windows
Select 'Send Tax File to Agent'
Write down or send an image of your token number and state then place in this issue.
We can then review your exact scenario for a solution

Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.