khwalters
New Member

After you file

Turbotax calculated an increase in my federal tax for 2019 when I reported the interest income that I received from the IRS on an overpayment of federal tax from a previous year; however, this is in effect a refund of the interest previously charged to me when I was forced (due to an IRS error) to make the overpayment.  Shouldn't I be able to avoid paying tax on this interest, since I did not previously receive a tax credit for the interest expense I was (over)charged on the previous tax overpayment?  If so, how do I make the adjustment on my 2019 return?