Alright...I filed 1040 long...why am I getting an extra $3000 on line 40?

[vi edit]

Is this the standard deduction? If so, I don't know why turbo tax is giving it to me when my itemized deductions are greater than the standard. Don't you have to pick one or the other, but not both? My itemized deductions are well over $12k. I can't figure out where this is coming from.

My return looks waaaaaaaaaaay higher than it should be.

Any tax pros here?

 

[dquan97]

you can post your income and deductions, so I can do a quick calculation...