On my form 1040, which I've already filed, the following apparent error occurs.
Line 16, total tax: $15,158
Line 19, total payments: $11,142
So, line 23, "Amount you owe. Subtract line 19 from line 16" should be 15,158 - 11,142 = $4,016.
BUT IT'S NOT. The form shows $4,101, which is $85 off.
Am I missing something?
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It is probably a typo, but the calculations are guaranteed to be accurate, see details in the link below. Line 16 is the total of 14 (non-negative) and 15. Line 19 is the same as 17 and 18e.
2019 Form 1040 instructions can be found here.
TurboTax stands by its claim - ''Your taxes done right, guaranteed!!''
TT 2021 Form 1040:
Line 24, total tax: $14,018
Line 33, total payments: $11,749
Line 37, "Amount you owe. Subtract line 33 from line 24." should be 14,018 - 11,749 = $2,269.
The form shows $2,272.
It's only $3, but this is very simple math, why is it wrong?
@whatever99 wrote:
TT 2021 Form 1040:
Line 24, total tax: $14,018
Line 33, total payments: $11,749
Line 37, "Amount you owe. Subtract line 33 from line 24." should be 14,018 - 11,749 = $2,269.
The form shows $2,272.
It's only $3, but this is very simple math, why is it wrong?
Is there a $3 estimated tax penalty shown on Line 38?
Duh - didn't see it, since it was below and left of the number. Yes - thanks for replying!!
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