Solved: On my Federal return, I was at +$70 return when I had entered all of my income except Social Security. As soon as I did that, my return zoomed to a minus $3000.
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On my Federal return, I was at +$70 return when I had entered all of my income except Social Security. As soon as I did that, my return zoomed to a minus $3000.

I don't understand how this happened. My SS income was only $26000 for 2016.
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Level 7

On my Federal return, I was at +$70 return when I had entered all of my income except Social Security. As soon as I did that, my return zoomed to a minus $3000.

That is not unusual.  There are many reasons that could result in such a situation; and since this is a public forum you do not want to post your personal information.

Each W-2, 1099, etc is initially processed as if it were the only income you had; thus until you enter ALL W-2s, 1099s, etc your input data is incomplete and hence incorrect.

Make sure you entered the information CORRECTLY and did not mis-type any numbers

The 'monitor' is only a guide (marketing hype).  It is generally meaningless until you have entered ALL of your information since the calculations are inter-related.


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Level 7

On my Federal return, I was at +$70 return when I had entered all of my income except Social Security. As soon as I did that, my return zoomed to a minus $3000.

That is not unusual.  There are many reasons that could result in such a situation; and since this is a public forum you do not want to post your personal information.

Each W-2, 1099, etc is initially processed as if it were the only income you had; thus until you enter ALL W-2s, 1099s, etc your input data is incomplete and hence incorrect.

Make sure you entered the information CORRECTLY and did not mis-type any numbers

The 'monitor' is only a guide (marketing hype).  It is generally meaningless until you have entered ALL of your information since the calculations are inter-related.


View solution in original post

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