topic How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ? in Get your taxes done using TurboTax

How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ?

janjucbells — Sat, 27 Feb 2021 13:16:41 GMT

My total income is is an annuity , have I placed it in the wrong box because my taxes are almost 50% of it. ?

Re: How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ?

SweetieJean — Sat, 27 Feb 2021 16:40:54 GMT

Remove wherever you keyed in the annuity, and re-enter it in Federal > Wages and Income > Retirement. And be sure to carefully check the answers to the follow up questions.

Re: How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ?

janjucbells — Sun, 28 Feb 2021 16:56:32 GMT

Thank you, sweetie 15 I'll do that now. janjucbells