2603793
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

2021 1040x line 3 has bad math. It adds QBI and 600 charitable contribution to lines 1 and 2. Anybody else have this problem?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
GeorgeM777
Expert Alumni

2021 1040x line 3 has bad math. It adds QBI and 600 charitable contribution to lines 1 and 2. Anybody else have this problem?

Line 1 on Form 1040-X is the adjusted gross income line and because the QBI deduction is taken against taxable income (and not AGI) it should be added to AGI on line 1. 

 

IRS instructions for Form 1040-X provide that line 2 can include not only the standard deduction, but also, the cash charitable contributions.  In this regard, the instructions state the following:

 

"Include on line 2 with your standard deduction amount your charitable deduction, if any, for cash contributions that you are allowed to take with your standard deduction." (underline added)

 

@baddogg

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question