I'm only partway through the process, but I've got concerns, as well. Right now I've entered self-employed income of 125,000 and a few thousand in deductions. I haven't entered my wife's income yet (a simple W-2), nor have I entered most of my deductions or any of my estimated tax payments. Right now, with 125k income and about 5k in deductions, TurboTax is predicting a $30,000 tax return.
$30,000 even though, as far as TT knows, not a single cent of tax has been paid! How is this possible?
