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Level 1
posted Mar 23, 2023 9:15:51 AM

turbo tax calculations incorrect?

Hi

i put in my ES taxes paid last year (2022) and turbo tax added them up incorrectly. You can see it is wrong but it does not let you correct the amount.  What to do when it is off by $200.  I went back and added up all the numbers to make sure they are correct and that I input the correct info?  It states what the amount is and ask you to click the done icon but what to do when the dollar amount is wrong.  What are the options to fix the calculation errors.  Thanks

0 6 2886
6 Replies
Level 15
Mar 23, 2023 9:19:37 AM

Federal estimated taxes paid are entered on Form 1040 Line 26.  Look on your Form 1040 to verify.

 

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Estimates, click on the start or update button

Level 1
Mar 23, 2023 9:42:07 AM

I did those steps and it goes back to what I input the first time

the dollar amount is correct to what I paid but the addition is wrong on next page

What next?

Level 15
Mar 23, 2023 9:45:47 AM

@michTax2023- What is important is what is actually entered on the federal tax return From 1040 Line 26.

What is entered on your Form 1040 Line 26?

Level 1
Mar 23, 2023 9:52:41 AM

That is a problem because that amount isn’t anything that I entered and I haven’t found out what or how turbo tax came up with that amount.

it is off $880 from my numbers 

so now what?

is there someplace to see what is actually entered or what turbo tax is seeing to come up with that number?

so the breakdown of the number turbo tax put on line 26?

 

Level 15
Mar 23, 2023 9:58:49 AM

If you are using the TurboTax desktop CD/Download editions click on Forms at the top of the desktop program screen.

When in Forms mode on the left side of the screen click on Tax Payments to open the Tax Payments worksheet.  All of your payments will be listed.  See if there is a discrepancy of amounts on the worksheet.  If there is an amount in one of the boxes that is prefilled and not editable, then click on on the box and there should be a magnifying glass icon.  Click on the icon which will take you to where that amount was entered.

Level 1
Mar 23, 2023 10:06:24 AM

I found the error in tax payments input 

I went to tax payments forms and found what it was seeing and made the error corrections and now it came out correct with what I paid

thanks for your help