ThomasM125
Employee Tax Expert

Get your taxes done using TurboTax

I believe @DMarkM1 was referring to Schedule 3 Additional Credits and Payments. You may have a credit that is reducing your tax to $0.

 

You may have $0 tax if a lot of your income came from capital gains, as they are not taxed if your taxable income is under $40,400 single or $80,800 married-filing joint.

 

TurboTax will process your form 1099-B entry without further action on your part, but it is best to review your form 1099-B to make sure things were reported properly. Especially the cost basis of investment sales, as sometimes the broker will leave those blank or enter $0 if they don't have accurate numbers for those entries.

 

 

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