Question

Hello, an please help! Big difference from this year compared to last year.

Forum|Forum|3 years ago
March 21, 2023
2 replies
0 views

Hi,

I did my taxes using TurboTax desktop. Last year, I did not owe any Federal Taxes, and a little <$450 State Tax. This year I was quite shocked that I owed over $800 Federal, and over $400 State.

Not until I actually filed the forms did I get the "helpful" message saying something about QBI deduction.

I've done a little research, and see that, as an Uber driver, I should be able to claim this. Also, I earn far less money than the max.

Turbo Tax said this is calculated automatically, but I don't think it was calculated at all. I've never owed this much tax before.

Can someone please help me? Is it possible to amend an already filed return and calculate for QBI, and if so, how?

Thanks, and I hope someone can help.

P.S. I put I don't know for the platform, because I used the Windows version, and it was not listed!

J

jetsangarisAuthor

Me again,

I also wanted to add that I am on a Federal Disability (SSDI), and totalled a car last year during working. The program also asks me questions that I don't know how to answer regarding Basis Points, depreciation, etc.

I had no idea how to answer these questions, so left them blank.

I do keep track of all of my work mileage though, if that helps.

I believe that the somewhere in the combination of what I've said, something is wrong causing me to owe so much tax.

Thanks!

B

BrittanyS

Can you clarify if you claimed the business vehicle expenses when you completed Schedule C?

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J

jetsangarisAuthor

Yes, I did claim vehicle expenses. Does that make a difference as to what I had asked?

B

BrittanyS

If you qualify for the QBI deduction and you do not see it calculating on your return, you can follow these steps on TurboTax Desktop:

Click Forms in the top right-hand corner
Click Schedule C
Click the box for "you are qualified for the QBI"

You can amend your return in TurboTax. The IRS will first have to accept or reject the return.

If the return is rejected in TurboTax, you will receive a notification with a rejection code from TurboTax, and the return will be opened back up to make changes.

If your return is accepted, you will need to follow the following steps in TurboTax to amend the return:

Sign in to TurboTax
On the home screen, scroll down to Your tax returns & documents and select the year you want to amend
Select Amend (change) return, then Amend using TurboTax Online
- If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax CD/Download below instead
On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and Continue
When you reach Here's the info for your amended federal return, select Start next to the info you need to change
Continue through the screens, make the changes you need to make, and carefully answer the remaining questions to finish amending your return