Possible Dividend glitch

Forum|Forum|7 years ago
June 1, 2019
22 replies
82 views

When we input our SMALL dividend amount of $600, it takes us from receiving a refund of $1600 to OWING $500?!! THis makes no sense.

TurboTax Deluxe Online

Best answer by MichaelL1

For EITC you cannot have investment income exceeding $3,500, so if you see a big drop in refund amount first make sure all the entries are correct in the Dividend and Interest income areas.

Show previous replies

dooda_brownAuthor

Level 2

we are doing this, but what credit would this affect?

MichaelL1

Level 15

A number of them, Saver's credit, Child tax credit, EITC, all have income limitations and change when income changes.

dooda_brownAuthor

Level 2

Where do I find the limits on those?

MichaelL1

Level 15

If you see any change or tell me which ones you have I can give you the details

dooda_brownAuthor

Level 2

When the 604 is added into dividends it adds an additional tax line of 1830?

MichaelL1

Level 15

Is it 45 or 46?
Do you have health care through the ACA?

MichaelL1

Level 15

Did you find the answer to your situation?

dooda_brownAuthor

Level 2

I answered but it said my account was in review and violated terms? Why is that happening? Yes, its my first time to do the taxes and I put an incorrect amount in the "interest" field. THANKS!!

MichaelL1

Level 15

Ok so the amount you entered in Interest income was incorrect and you were able to fix that, correct?

Now can you do the review and file your taxes? or not?