What you may not realize is that as soon as you began to prepare your tax return, the software was giving you the $1400 and it was shown on that "refund monitor" -----but when you entered that you received it already, the software had to reconcile the payment you received, You cannot get it twice---so it looked to you like you "lost" $1400. You did not lose it or oay tax on it---you just cannot receive it twice.
What you may not realize is that as soon as you began to prepare your tax return, the software was giving you the $1400 and it was shown on that "refund monitor" -----but when you entered that you received it already, the software had to reconcile the payment you received, You cannot get it twice---so it looked to you like you "lost" $1400. You did not lose it or oay tax on it---you just cannot receive it twice.
So to make sure I am understanding you right, Turbo Tax was crediting it to my taxes due since they did not know I had received it but you are saying that when I put the amount I actually received it took the credit away, right?
So to make sure I am understanding you right, Turbo Tax was crediting it to my taxes due since they did not know I had received it but you are saying that when I put the amount I actually received it took the credit away, right?