lrowlands83
Level 1
02-21-2021
02:36 PM
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Line 15 of my client's child's return is showing tax of $1,744 on line 14 which is $1,100. Obviously wrong. Is anyone else having this issue?
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Level 15
02-21-2021
02:44 PM
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You might need to give some other details of the situation for anyone to be able to try and replicate your situation.
"tax of $1,744 on line 14 which is $1,100" doesnt make much sense on its own.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
"tax of $1,744 on line 14 which is $1,100" doesnt make much sense on its own.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
02-21-2021
02:47 PM
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The last I saw, the Kiddie Tax was screwed up and you need to open with some worksheet about Schedule D (maybe Capital Gains or Qualified Dividends, even if that does NOT apply to the kid) and the calculation magically fixes itself.
PATAX
Level 15
02-21-2021
04:33 PM
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The solution to this problem has already been posted in other posts on this forum. Just do a search and you will find it and see what is going on