turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why does the amount of tax I owe increase when I enter Expenses on Scheduel F?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Why does the amount of tax I owe increase when I enter Expenses on Scheduel F?

FIRST ... you MUST report all income & expenses you have on the Sch F  no matter what the refund/balance due meter says.

Next, reduced income can reduce some credits.  Since you have the downloaded version switch to the FORMS mode and look at the form 1040  before & after you enter expenses   to see how those entries are effecting the return. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies