Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 14, 2023 9:59:02 PM

How do I know if I have tax liability in 2021, I filed 1099s.

0 6 564
6 Replies
Expert Alumni
Feb 15, 2023 5:23:43 AM

 

The first solution is to find your tax return from 2021.  A refund is on line 35a, and the amount you owe is on line 37.

If you used TurboTax last year, please follow this link: How do I access my prior-year return in TurboTax Online or in the mobile app?

The only way you can obtain copies of your tax return from the IRS is by filing Form 4506 with the IRS. You can download this form from the IRS website.  IRS Form 4506

Follow this link for additional guidance How to Obtain a Copy of Your Tax Return
 


 

Level 2
Feb 15, 2023 7:13:30 AM

Thank you JohnB5677. To clarify, would having no tax liability mean that line 37 is 0, or just less then line 35a?

Expert Alumni
Feb 15, 2023 7:25:48 AM

Your federal tax liability amount is found on Form 1040 (line 24).

Your tax liability is the total amount of tax on your income minus any non-refundable credits, such as the Child Tax Credit, saver’s credit, or dependent care credit, to name a few.

This can also include additional taxes like self-employment tax, household employment tax, and tax penalties such as the 10% early distribution penalty for IRAs.

For more information please check :What does "tax liability" mean?

Level 2
Feb 15, 2023 11:58:34 AM

Thank you! Do you know where on a 1099 that total tax liability would be?

Expert Alumni
Feb 15, 2023 12:13:01 PM

Form 1099 doesn't report tax liability, only income from various sources. Some income reported on a 1099 ends up having no tax due. But the entity that sent the 1099 doesn't know that. You need to look on your tax return to find out what amount was taxable.

Your tax liability appears on Form 1040, as others have explained in this thread.

Level 2
Feb 16, 2023 3:22:58 PM

 I see! Ok, thanks for taking the time!