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I'm still filling out our Turbo Tax software, but my current estimated refund is nearly $20Billion. Obviously, that's not right, but I can't figure out what I'm doing wrong. Any ideas on where I should look for my mistake? (Or do you think I might be using a fake Turbo Tax program?
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We cannot see your screen or your tax return. You need to look at any income amount and any tax withheld amounts you entered----and look for extra zeros and/or misplaced decimals. The comma and decimal are next to each other on the keyboard so it is easy to strike the wrong one. If you imported any data----your W-2, any sort of 1099's----check them carefully too and make sure they imported accurately. Sometimes things go awry with imported data--you should always compare the imported data to the printed copy.
And why do you think you could be using a fake program? Where did you purchase the software?
I'm not sure if your online, or have a desktop version, but I would start with anything that had withholdings. Typically, a W-2, or 1099-R.
Then I suggest checking estimated payment information.
This is a guide to get into these areas.
W-2 posting online
1099-R Posting Online
Estimated taxes posting
Thanks. I discovered that after uploading documents, several blocks of the "Federal Income tax withheld" were filled with some account numbers, and they "added up" to $20Billion!
Thanks, xmasbaby0. You're right. It was an error from uploaded documents!
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