Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121461  
Subject: Re: turbo tax question Date: 2/16/2000 7:15 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
<< I triple and quadruple checked, and the amount from my W2 is entered correctly in the Turbo Tax area where you enter Federal income tax withheld. The amount on line 57 of my 1040 is more than twice this amount. I haven't paid any other income tax, so some unknown amount has been added to it.

Besides my regular salary, I have income from rental property, and some deductions related to that. Maybe something from that has gotten entered as tax paid??? Since I am new to Turbo Tax, maybe I misunderstood a question and have entered something wrong. >>

Aside from Roo's suggestion, about all I can think of is that it asked you some sort of "other taxes" question and you somehow got real estate or state income tax into a space for withheld Federal tax. Not much help.

I'm not a huge fan of software, but if TT online was in the habit of throwing random numbers on line 57, we'd have heard about it before, so I think it's input error. I think you may rapidly be approaching the point where starting over would be faster. Since it appears you can save a partially completed return and go back to it, if you get to something that you're unsure about, feel free to come back for help before you move further.

Phil Marti
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement