topic Re: Arithmetic Error Calculating Line 37 in Form 1040 in Get your taxes done using TurboTax

Arithmetic Error Calculating Line 37 in Form 1040

JackBlundell — Fri, 31 Jan 2025 16:44:04 GMT

I'm running Turbo Tax WinPerRelease [phone number removed]. On my Form 1040, Turbo Tax says 7601 (line 24) minus 7562 (line 33) equals 42 (line 37), when the correct answer is 39. See screen shot. There is no way to override the result in line 37. This one needs to be passed on to the development team.

Re: Arithmetic Error Calculating Line 37 in Form 1040

rjs — Fri, 31 Jan 2025 17:15:47 GMT

The $3 penalty on line 38 gets added to line 37. The development team got it right.

Re: Arithmetic Error Calculating Line 37 in Form 1040

JackBlundell — Fri, 31 Jan 2025 23:32:30 GMT

You are right! I should have noticed that. Thanks.

Re: Arithmetic Error Calculating Line 37 in Form 1040

Nando123 — Sat, 15 Feb 2025 19:12:56 GMT

The form is misleading because the penalty comes after Line37.

Subtracting 33 from 24 should not yet involve the penalty on L38.