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Deductions & credits
I am having a similar problem. I cannot see how the TT determined gross income is being determined. I have carefully added the amounts specified in the TT help and get about $4000 less than the TT amount. Also, the TT help has at least 2 errors. First, taxable social security payments must be included in gross income. Second, the 11th "plus" item in the list is, "Schedule K-1 Worksheet - Partnerships Box 16, Code B (if it has a value); otherwise income reported on line 1, 2, OR 3 plus any amount on line". But, the worksheet does not have a Box 16. I believe the reference should be to Schedule K-1, not the worksheet. And, since I am not able to match the TT amount, there must be another error.
March 13, 2021
6:52 AM