I'm running Turbo Tax WinPerRelease [phone number removed]. On my Form 1040, Turbo Tax says 7601 (line 24) minus 7562 (line 33) equals 42 (line 37), when the correct answer is 39. See screen shot. There is no way to override the result in line 37. This one needs to be passed on to the development team.
You'll need to sign in or create an account to connect with an expert.
The $3 penalty on line 38 gets added to line 37. The development team got it right.
The $3 penalty on line 38 gets added to line 37. The development team got it right.
You are right! I should have noticed that. Thanks.
The form is misleading because the penalty comes after Line37.
Subtracting 33 from 24 should not yet involve the penalty on L38.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mbkkmcalli
Level 1
Roman_Skikun
New Member
deroskey
New Member
mtwingcpa
Returning Member
Bfair1599
New Member