How can I have a Tax liability of $554,345.00 with an income of $89,777? The 554,345 shows in the Federal Balance Due.

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Deluxe Online

Best answer by srvottiero

You obviously have an error in one of your entries. I'd save the return to a PDF file and then view your 1040 form to find out where your erroneous entry was made. It is possible you missed a decimal point some where and you inadvertently entered too much income.

kfgoodmanAuthor

Level 2

I checked all inputs and they were all correct in the Income section. Access to PDF and 1040 not available until complete. Having used TurboTax for the last 8 years, I porchased a PC version and am going to use it as it has more flexibility in checking your work and the 1040 is visible at any point in the input process.

srvottieroAnswer

Level 4

fsproull2

Level 2

sometimes wrong if you are using turbo tax go back to your income and look at your w-2, 1099's etc and make sure your entries are correct. also income from your business or sale of stocks etc. ckeck all of your income again