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Business & farm
Same thing happened to me: started return from business using the wizard, while adding income the refund grew bigger, then for each expense I put, the refund shrunk. Happened last year as well. I am just perplexed as to why. I read elsewhere that it may be due to EIC calculations in the background; still, AFAIK, the less you earn the higher the refund so that would not intuitively explain why expenses reduce it. Has anyone figured this out? Perhaps somebody from TurboTax can help clarifying?
‎January 25, 2023
4:36 PM