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The Adjusted Gross Income in my 1040 from 2019 is much more than the AGI in the IRS transcript. How can I figure out why there's such a large discrepancy?

 
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2 Replies
Vanessa A
Expert Alumni

The Adjusted Gross Income in my 1040 from 2019 is much more than the AGI in the IRS transcript. How can I figure out why there's such a large discrepancy?

Usually when your AGI on TurboTax or your form does not match the IRS there are a few different reasons

  1. The IRS adjusted your income for that tax year based on information they had and then they would have sent you a letter with an explanation. If you did not get that letter, you can give them a call to discuss it.
  2. You have multiple TurboTax accounts and you are in the wrong one
  3. You made changes to your 2019 return after you submitted your return
  4. You printed a return prior to entering all of your information and are looking at the wrong copy
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The Adjusted Gross Income in my 1040 from 2019 is much more than the AGI in the IRS transcript. How can I figure out why there's such a large discrepancy?

the transcript should contain lines something like

as reported

 and also

as per IRS computers.

 

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