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milt0ne
Returning Member

Why does my new return show I owe 385.00 before I start entering my income?

 
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Accepted Solutions

Why does my new return show I owe 385.00 before I start entering my income?

Did you have an HSA last year?  Turbotax creates a bogus penalty based on the last month rule and some incorrect data transfers.  It will go away when you enter your real 2017 information.  If you have Turbotax installed on your own computer, you can switch to forms mode and track down the source of the number yourself.  

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1 Reply

Why does my new return show I owe 385.00 before I start entering my income?

Did you have an HSA last year?  Turbotax creates a bogus penalty based on the last month rule and some incorrect data transfers.  It will go away when you enter your real 2017 information.  If you have Turbotax installed on your own computer, you can switch to forms mode and track down the source of the number yourself.  

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