topic Possible Dividend glitch in Get your taxes done using TurboTax

Possible Dividend glitch

dooda_brown — Sat, 01 Jun 2019 08:46:35 GMT

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.

Can you double check to make sure it was not a decimal pl...

MichaelL1 — Sat, 01 Jun 2019 08:46:47 GMT

Can you double check to make sure it was not a decimal place off.
Let me know and we will get this figured out.

no decimals off, so we are very confused and not sure whe...

dooda_brown — Sat, 01 Jun 2019 08:46:48 GMT

no decimals off, so we are very confused and not sure where to go to get it filed correctly.

We input 644 in 1A and 588 in the other spot under qualif...

dooda_brown — Sat, 01 Jun 2019 08:46:51 GMT

We input 644 in 1A and 588 in the other spot under qualifying...as soon as we do this, it swings a 2k difference?

Do you have other investment income that might have been...

MichaelL1 — Sat, 01 Jun 2019 08:46:52 GMT

Do you have other investment income that might have been around $3,000 already entered (such as other dividends or interest income) and this got you ever $3,500 on the return?

For EITC you cannot have investment income exceeding $3,500

If earned income credit is a factor, the additional unear...

Lisa995 — Sat, 01 Jun 2019 08:46:53 GMT

If earned income credit is a factor, the additional unearned income could have disallowed that credit.

To Preview a copy of the Form 1040 prior to paying for Tu...

MichaelL1 — Sat, 01 Jun 2019 08:46:55 GMT

To Preview a copy of the Form 1040 prior to paying for TurboTax.
A. Go to Tools in left side of screen and click on Tools
B. A box titled: Tool Center will open and below the 3 boxes is: Other helpful Links…
C. Click on the first one: View Tax Summary
D. Then in left side of screen click on: Preview My 1040
E. You can scroll up and down and see the numbers on a working copy of your Form 1040

no, this is the largest amount of interest income, the $6...

dooda_brown — Sat, 01 Jun 2019 08:46:56 GMT

no, this is the largest amount of interest income, the $600 amount from the stock dividend.

Can someone help?

dooda_brown — Sat, 01 Jun 2019 08:46:57 GMT

Can someone help?

Is there a # to call instead of paying for support in cas...

dooda_brown — Sat, 01 Jun 2019 08:46:59 GMT

Is there a # to call instead of paying for support in case this is a TT glitch?

There is but let's try this. Look at numbers on return f...

MichaelL1 — Sat, 01 Jun 2019 08:47:01 GMT

There is but let's try this. Look at numbers on return from print preview from above comment.

Then delete the 1099DIV and look again at the print preview.

I want to see what changed --for that big amount of change it has to be a credit that is no allowed.

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

dooda_brown — Sat, 01 Jun 2019 08:47:03 GMT

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

A number of them, Saver's credit, Child tax credit, EITC,...

MichaelL1 — Sat, 01 Jun 2019 08:47:05 GMT

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

Where do I find the limits on those?

dooda_brown — Sat, 01 Jun 2019 08:47:07 GMT

Where do I find the limits on those?

If you see any change or tell me which ones you have I ca...

MichaelL1 — Sat, 01 Jun 2019 08:47:09 GMT

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

When the 604 is added into dividends it adds an additiona...

dooda_brown — Sat, 01 Jun 2019 08:47:11 GMT

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

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

MichaelL1 — Sat, 01 Jun 2019 08:47:13 GMT

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

Did you find the answer to your situation?

MichaelL1 — Sat, 01 Jun 2019 08:47:15 GMT

Did you find the answer to your situation?

I answered but it said my account was in review and viola...

dooda_brown — Sat, 01 Jun 2019 08:47:17 GMT

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!!

Ok so the amount you entered in Interest income was incor...

MichaelL1 — Sat, 01 Jun 2019 08:47:18 GMT

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?