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January 31, 2025
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Arithmetic Error Calculating Line 37 in Form 1040

  • January 31, 2025
  • 1 reply
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I'm running Turbo Tax WinPerRelease [phone number removed].  On my Form 1040, Turbo Tax says 7601 (line 24) minus 7562 (line 33) equals 42 (line 37), when the correct answer is 39.  See screen shot.  There is no way to override the result in line 37.  This one needs to be passed on to the development team.

 

 

 

Best answer by rjs

The $3 penalty on line 38 gets added to line 37. The development team got it right.

 

1 reply

rjs
rjsAnswer
Employee
January 31, 2025

The $3 penalty on line 38 gets added to line 37. The development team got it right.

 

January 31, 2025

You are right!  I should have noticed that.  Thanks.

February 15, 2025

The form is misleading because the penalty comes after Line37.

Subtracting 33 from 24 should not yet involve the penalty on L38.