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Level 2
December 18, 2024
Question

why no tax on 1823.00 taxable income?

  • December 18, 2024
  • 2 replies
  • 4 views

1823.00 line 15 of 1040, after deductions.  No capital gains.  TurboTax computes a tax of 0.0 instead of 182.30?

 

Why?

    2 replies

    VolvoGirl
    Level 15
    December 18, 2024

    Is the 0 tax on line 16 or the total tax on line 24?   What kind of income did you enter?  W2 or 1099R or Social Security etc.

    billekrubAuthor
    Level 2
    December 18, 2024

    no w2, zero on line 16 zero on line 24

    rjs
    Level 15
    Level 15
    December 19, 2024

    You appear to be using the desktop TurboTax software. Make sure you have updated the software.

     

    Also make sure you do not have any overrides anywhere in the tax return. An override can make the calculations stop working correctly, even if the override is in a place that you think has nothing to do with the problem.