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I purchased the Home & Business home software in order to do my 2017 taxes, it tells me that my AIG is $6,000, yet I owe $2152? How is that possible? Please contact me

 
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Anonymous
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I purchased the Home & Business home software in order to do my 2017 taxes, it tells me that my AIG is $6,000, yet I owe $2152? How is that possible? Please contact me

for example $15000 in schedule C income (self employment) and $8,000 in passive losses such as from real estate could reduce AGI to $6000 but you would owe over $2,000 in self employment tax on the schedule C income.   

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I purchased the Home & Business home software in order to do my 2017 taxes, it tells me that my AIG is $6,000, yet I owe $2152? How is that possible? Please contact me

Review the entire return to see what your tax bill includes ... if you are self employed you will also pay SE taxes (FICA) in addition to federal taxes and other items. 

 

Switch to the FORMS mode to look at the entire return. 

I purchased the Home & Business home software in order to do my 2017 taxes, it tells me that my AIG is $6,000, yet I owe $2152? How is that possible? Please contact me

No one from this forum can contact you.  You have to contact TurboTax support.

 

Did you look at your tax return?  Click on Forms in the upper right of the desktop program screen if using a Windows program.

Do you have Self-Employment taxes shown on the 2017 Form 1040 Line 57?  Look at Line 63 for total taxes.  Look at Line 74 for your total tax payments.  Look at Line 78 for the amount you owe (Line 74 minus Line 63)

 

TurboTax support is open from 5am to 5pm Pacific time (8am to 8pm Eastern time) 7 days a week through October 25, 2019

 

Use this website to contact TurboTax support during business hours - https://support.turbotax.intuit.com/contact/
Support can also be reached by messaging them on these pages https://www.facebook.com/turbotax/ and https://twitter.com/TeamTurboTax

 

Anonymous
Not applicable

I purchased the Home & Business home software in order to do my 2017 taxes, it tells me that my AIG is $6,000, yet I owe $2152? How is that possible? Please contact me

for example $15000 in schedule C income (self employment) and $8,000 in passive losses such as from real estate could reduce AGI to $6000 but you would owe over $2,000 in self employment tax on the schedule C income.   

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