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New Member
posted Jun 4, 2019 8:01:47 PM

Why does turbo tax already say I owe money when I haven't entered any data yet?

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1 Best answer
Level 15
Jun 4, 2019 8:01:48 PM

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.  

1 Replies
Level 15
Jun 4, 2019 8:01:48 PM

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.