How can I owe $1857 in tax due on adjusted gross i...
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janjucbells
New Member

How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ?

My total income is is an annuity , have I placed it in the wrong box because my taxes are almost 50% of it. ?
2 Replies
SweetieJean
Level 15

How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ?

Remove wherever you keyed in the annuity, and re-enter it in Federal > Wages and Income > Retirement.  And be sure to carefully check the answers to the follow up questions.

janjucbells
New Member

How can I owe $1857 in tax due on adjusted gross income of $$3696 , after the standard deduction ?

Thank you, sweetie 15 I'll do that now. janjucbells

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