fatherOfWine
Returning Member

Deductions & credits

Could it be, that line 9 in your example has been calculated incorrectly?

It looks like you calculated it using this formula:"Line 5 Worksheet".Line3 - "Line 5 Worksheet".Line8

which would translated into:6000 - 150000 = -144000.

But you switched(I understand why, at first I did same thing) numbers:150000 - 6000 = 144000

But. Instructions stated:Subtract line 8 from Schedule 8812, line 3

Which, it seems to me, implies, that 1st number should come from line 3 of "Schedule 8812" form itself, not "Line 5 Worksheet" line 3. Which would get you different numbers in the formula above. Let's say you have in line 3 of "Schedule 8812" form following value: 100000. Then calculations would look like that: 100000 - 150000 = -50000. So in your example last 4 lines would look like this:

9 - 0

10 - 0

11 - 0

12 - 6000

 

If in line 3 of "Schedule 8812" form would contain following value: 160000. Then calculations would look like that: 160000 - 150000 = 10000. So in your example last 4 lines would look like this:

9 - 10000

10 - 500

11 - 500

12 - 5500

 

Is it possible, that IRS is wrong here?!?