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Get your taxes done using TurboTax
1. Please take a look at your form and let's talk through it.
At the top of the page, below your name is a section for No interest due and form should not be filed
Maybe one of those boxes is checked?
2. If not, let's keep going.
- Line 11 says to divide income by period. The time periods are Jan- Mar, Jan-May, Jan - Aug, Jan - Dec.
- Line 12 has the amount of tax due based on the line 11 period.
- Line 14 has the payments made, those should be also adding up, like line 11 income and line 12 percentages.
You state that yours is not adding up. For example: $300 paid each quarter on line 14 would look like:
$300 $600 $900 $1200
multiplied by the percentages
25% 50% 75% 100%
The question is why does yours not become cumulative? Please review your entries.
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March 19, 2021
7:07 PM