Proto2348
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Our AGI (as filed with TurboTax when I originally filed) was over $150,000. TT knew what my AGI was at the time, because it calculated it and it was well above ...
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No the IRS did not adjust my AGI. They simply stated that I made a mistake in claiming the Recovery Rebate Credit, so I owed more tax, and now a penalty + inter...
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TurboTax 2020 IS WRONG, in my case.The IRS just hit me with penalties and interest. I am VERY ANGRY.TT2020 claimed that I was owed a Recovery Rebate Credit, eve...
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You are correct - I misunderstood the 1099-S. It actually shows 1/2 of the gross sales price, so it is correct and I was wrong.
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Thanks everyone, that helps!
Activity Feed for Proto2348
- Posted Re: Recovery Rebate Credit on Deductions & credits. April 2, 2022 1:34 PM
- Posted Re: Recovery Rebate Credit on Deductions & credits. April 2, 2022 1:31 PM
- Posted Re: Recovery Rebate Credit on Deductions & credits. April 1, 2022 4:39 PM
- Posted Re: Sold rental property, not much appreciation, owned only 50% of it. Is TT over-reporting gains? on Investors & landlords. July 6, 2020 8:55 AM
- Cheered Re: Sold rental property, not much appreciation, owned only 50% of it. Is TT over-reporting gains? for Anonymous. July 3, 2020 3:53 PM
- Posted Re: Sold rental property, not much appreciation, owned only 50% of it. Is TT over-reporting gains? on Investors & landlords. July 3, 2020 12:17 PM
- Posted Re: Sold rental property, not much appreciation, owned only 50% of it. Is TT over-reporting gains? on Investors & landlords. July 3, 2020 9:46 AM
- Posted Sold rental property, not much appreciation, owned only 50% of it. Is TT over-reporting gains? on Investors & landlords. July 3, 2020 8:51 AM
- Posted Re: posted to wrong section on Deductions & credits. July 2, 2020 12:24 PM
- Posted posted to wrong section on Deductions & credits. July 1, 2020 3:24 PM