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Deductions & credits
If the "taxable amount not determined" is checked, the default is to tax the entire amount. Please check that the box is checked on your original entry. Be sure to go through the entire interview.
Once done, I suggest you look at a preview of your tax return and see how it is posted.
You can preview your tax return by going to:
- On the menu bar on the left that shows.
- My Info
- Federal
- State
- Review
- File
- Select Tax Tools
- On the drop-down select Tools
- On the popup menu
- Select View Tax Summary
- On the left sidebar
- Select Preview my 1040.
- Look at line 5b taxable amount.
- Schedules 1,2&3 are included if you scroll down past your 1040.
- To return to the entry screens press Back on the sidebar.
Some other key numbers on your 1040 tax return are:
Line 15 - Taxable Income
Line 24 - Total Tax.
Line 25 - Withholdings.
Line 33 - Payments including Credits.
Line 34 - Overpayments.
Line 37 - Tax owed.
If this does not completely answer your question, please contact us again and provide some additional details.
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‎April 3, 2023
6:46 AM