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March 2, 2021
Question

In the summary of 2020 income the Refunds Received for State/Local Tax Return shows a number that does not make sense. Is Turbo Tax calculating this correctly?

  • March 2, 2021
  • 1 reply
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Received a refund of 1,486 with total payments of 4,440.  The income summary is showing 3,015 ?

1 reply

ReneeM7122
March 4, 2021

The income summary is a breakdown from several sources on your 1040:

If you are looking for a summary of the individual income types that may be listed on your return, I am not aware of one.  However, your 1040 will give you a pretty good breakdown.

  • Line 1 Wages & Salary
  • 2b Taxable Interest
  • 3a Qualified Dividends
  • 3b Ordinary Dividend
  • 4a IRA Distribution
  • 4b Taxable IRA Distribution
  • 4c Pension Distributions
  • 4d Taxable Pension Distributions
  • 6 Capital Gains
  • 7a Other Income (Include Business, Rentals, Alimony and others) Schedule 1

You can request an offline review if you would like help going over your income summary.  Please follow this link for more information.