Greetings All,
Been using HRB Tax software for the last 13 yrs. Never had any major issues with it. I like it and know my way around it pretty well.
This year tho is different. Its doing some things I just don't understand. Once all the data is entered it does an automatic "accuracy check". It found that my "TIN" wasn't entered into the software from the 1099-R Vanguard Distributions I had received (a total of 3 different accounts). I entered the TINs and my AGI dropped 22%. No change in Deductions. My taxable income drops 30.6%. The refund more than doubles.
I compared this 2023 Tax Summary to last years and for roughly the same value of distributions, it shows much less AGI and a much lower tax rate, 13.8%.
I'm not one to complain about low taxes but this is just not right. There's a ton of expertise here. Can anyone shed some light on why this happened (ie enter a TIN# and it drops income? Anyone have similar issues w/ the HRB software?
Best,
Bill
Been using HRB Tax software for the last 13 yrs. Never had any major issues with it. I like it and know my way around it pretty well.
This year tho is different. Its doing some things I just don't understand. Once all the data is entered it does an automatic "accuracy check". It found that my "TIN" wasn't entered into the software from the 1099-R Vanguard Distributions I had received (a total of 3 different accounts). I entered the TINs and my AGI dropped 22%. No change in Deductions. My taxable income drops 30.6%. The refund more than doubles.
I compared this 2023 Tax Summary to last years and for roughly the same value of distributions, it shows much less AGI and a much lower tax rate, 13.8%.
I'm not one to complain about low taxes but this is just not right. There's a ton of expertise here. Can anyone shed some light on why this happened (ie enter a TIN# and it drops income? Anyone have similar issues w/ the HRB software?
Best,
Bill
Statistics: Posted by BillyV001 — Sun Apr 14, 2024 2:58 pm — Replies 0 — Views 62