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Level 2
February 26, 2023
Solved

Turbotax wrong calculation

  • February 26, 2023
  • 1 reply
  • 5 views

1040 line 24 shows $6898 tax.
Line 33 shows $3923 paid.
Line 37 shows $3066 owed but it should be $2975, Can't override.

    Best answer by DoninGA

    Is there an Estimated Tax Penalty on Line 38?  If so, this is included in the amount owed

    1 reply

    DoninGA
    Level 15
    DoninGALevel 15Answer
    Level 15
    February 26, 2023

    Is there an Estimated Tax Penalty on Line 38?  If so, this is included in the amount owed

    Level 2
    February 27, 2023
    No text available
    Level 2
    February 27, 2023

    Actually there is an entry but not underneath the amount owed. And it is the difference between the two. Thanks for pointing that out.