My adjusted gross income is less than my itemized deductions total. How do I figure my Taxable Income?
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My adjusted gross income is less than my itemized deductions total. How do I figure my Taxable Income?

 
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New Member

My adjusted gross income is less than my itemized deductions total. How do I figure my Taxable Income?

You put whatever your income and deductions are into your program and the program will figure out your taxable income.  If you did it by hand, your taxable income would probably be a negative number with what you are describing, but for tax reporting purposes, it is customary to just report your taxableincome as zero, (no negatives for taxable income).

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