@evanescence99 wrote:
So I called IRS. Apparently turbo tax advised them that I was sending in some money via schedule 5 but the money wasnt sent in so they took it from my refund. Im so confused because according to turbo tax I had money coming back to me. Im going to have to call and speak with turbo.
IRS Form 1040 Schedule 5 is part of your federal tax return that was sent to the IRS. The Schedule 5 is for reporting Other Payments and Refundable Credits which reduces your tax liability. The amounts entered on Schedule 5 are entered by the user of the software. If you mistakenly entered amounts for either estimated taxes paid, taxes paid with an extension request or an amount paid with a 2017 federal tax refund, then TutboTax has no way to know if what was entered is correct or not. The total from Schedule 5 flows to your Form 1040 Line 17 as taxes paid or credits. If that amount is incorrect then it will have a Direct effect by either reducing or eliminating any tax refund so that instead of a refund you will have taxes owed.
IRS Form 1040 Schedule 5 - https://www.irs.gov/pub/irs-pdf/f1040s5.pdf
So look at your tax return Form 1040 and Schedule 5. What is shown on Schedule 5?
