The program states that my income in the 1040 shows $0.00, as it does in the program, but I have added income and it does show individually, just not a total for 2023

Forum|Forum|2 years ago
February 26, 2024
2 replies
0 views

It looks like TurboTax is not adding the income I have input.

TurboTax Deluxe Online

Best answer by VolvoGirl

If that is your total income and you are Single you get a Standard Deduction of 13,850. That makes your taxable income zero. You don't have to file a return except to get back any withholding taken out.

VolvoGirl

Employee

What kind of income did you enter? Is anything on 1040 lines 1-10?

If you only get Social Security it is not taxable and you don't have to file a return.

gary358541Author

No, I don't collect SS. My only income is the interest that I make from 3 banks. I have entered those in the Turbo Tax program, but at the review, it says the total is $0.00, but it should read roughly $8,000

VolvoGirlAnswer

Employee

KrisD15

Perhaps the program is showing you your TAXABLE income.

To clarify, what documents are you entering? 1099-R? W-2? 1099?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

gary358541Author

I am entering 1099 INT, interest from 3 banks. It shows all three banks with amounts in the program, but at the end with the review the total shows $0.00