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Turbotax says I owe money before I started

Forum|Forum|3 years ago
January 14, 2023
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I just started my 2022 taxes on TurboTax online. Before I provided any information at all it said I owe $115. When I look for details this is under "other taxes" but it doesn't provide any other information about where this is coming from. Again I've given no information to the software yet so the values should all be zero. Has anyone else had this issue or have any insight into where this might be coming from?

TurboTax Premier Online

Best answer by Critter-3

Please ignore the often confusing "Refund-O-Meter" and only look at the actual form 1040.

As to why you owe ... a possibility was you had a retirement distribution in 2020 that you spread out over 3 tax years or you have a taxable state refund.

You can peek at only the Federal form 1040 and the summary of the state info by going here:

1) lower- Left side of the screen...click to the left side of the "Tax Tools" text selection.
2) then select "Tools"
3) then select "View Tax Summary" from the pop-up
4) then back to the left-side and "Preview 1040"

Then hit the "Back" on the left side to get back to your tax entries.

How do I preview my TurboTax Online return before filing?

You can view your entire return or just your 1040 form before you e-file:

Open or continue your return.
Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
With the Tax Tools menu open, you can then:
- Select Print Center and then Print, Save, or Preview This Year's Return to preview your entire return, including all forms and worksheets (you may be asked to register or pay first).
- View only your 1040 form by selecting Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

Critter-3Answer

Please ignore the often confusing "Refund-O-Meter" and only look at the actual form 1040.

As to why you owe ... a possibility was you had a retirement distribution in 2020 that you spread out over 3 tax years or you have a taxable state refund.

You can peek at only the Federal form 1040 and the summary of the state info by going here:

1) lower- Left side of the screen...click to the left side of the "Tax Tools" text selection.
2) then select "Tools"
3) then select "View Tax Summary" from the pop-up
4) then back to the left-side and "Preview 1040"

Then hit the "Back" on the left side to get back to your tax entries.

How do I preview my TurboTax Online return before filing?

You can view your entire return or just your 1040 form before you e-file:

Open or continue your return.
Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
With the Tax Tools menu open, you can then:
- Select Print Center and then Print, Save, or Preview This Year's Return to preview your entire return, including all forms and worksheets (you may be asked to register or pay first).
- View only your 1040 form by selecting Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

D

dmertz

Employee

About the only thing that would carry over from the previous year that would result in an Other tax is a 6% excess contribution penalty on some sort of roughly $1,916 contribution (Form 5329 Parts III through VIII). Check last year's Form 5329 for any excess contributions that were reported as not resolved by the due date of that tax return.

(Taxes on a disaster distribution split over 3 years would be an income tax, not an Other tax.)

J

jivematAuthor

You are correct. It is charging me a tax on an excess HSA contribution in 2021. Problem is I haven't contributed to an HSA since 2020 so I'm not sure where it is pulling this figure from. Note this only shows up on TurboTax and I did not use TurboTax last year.