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.

Do I owe the Federal $15,000 or do they owe me $15.000 if you send in my Federal tax form????

 
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.

2 Replies

Do I owe the Federal $15,000 or do they owe me $15.000 if you send in my Federal tax form????

Look at your Form 1040.   Do you see an amount on line 35a?    Or on line 37?

 

PREVIEW 1040

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-retur...

 

 

 

Line 35a is a federal refund.

 

Line 37 shows tax due if you owe the IRS.

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Vanessa A
Employee Tax Expert

Do I owe the Federal $15,000 or do they owe me $15.000 if you send in my Federal tax form????

No one here is able to see your screen to tell you if you owe the IRS or if they owe you.

 

There are a few ways you can determine whether you owe them or they owe you.  In the upper left hand corner of your screen, if it says Federal Due- then you owe the IRS.  If it says Federal Refund, then that is what you are getting back.  If you are using the desktop version, the numbers should be in the upper middle of your screen.  

 

Also, if you look at like 35a of your form 1040, if the $15,000 is on this line, then that is your refund.  If the $15,000 is on line 37, then you owe the IRS this amount.
 

If this is far off from what you have owed or received in previous years, you should go back and double check your entries to be sure there are no decimal points in the wrong place or typos. 

 

**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