prior to entering 1099misc my tax owed is $ 46,337. When I enter $47548 of 1099 I paid out, it shows $ 30,931 due. Why only a $ 15,406 reduction in tax owed ?
You'll need to sign in or create an account to connect with an expert.
Expenses paid are a reduction from your income, not from the taxes due.
Expenses paid are a reduction from your income, not from the taxes due.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dtandy3
New Member
peric_danijela
Level 2
LC2024
New Member
nickbare4201
Level 1
ba4f97382165
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.