- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I thought that I was having the exact same issue. Mathematically, I felt that it should show the full amount such as the $6,000 example cited above, with a $3,000 subtracted due to the early payments. Instead it's only showing the $3,000 as if that's all you qualify for so when you plug in what you already received it appears to cancel each other out. But then I tested it by indicating that I hadn't received any early payments - and then the 1040 shows the full amount. So now I know that TurboTax is calculating correctly. Just a bit disappointing to see.
‎January 25, 2022
11:28 PM
2,277 Views