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I have a 1040 that will not calculate the tax. I have deleted client and re-entered everything. I cannot find the problem. Please help?

thmpsnjudy
Level 1
 
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garman22
Level 12
Level 12

What exactly is your problem? It wont calculate tax at all? Stupid question, I assume you have liability?

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7 Replies 7
garman22
Level 12
Level 12

What exactly is your problem? It wont calculate tax at all? Stupid question, I assume you have liability?

View solution in original post

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Just-Lisa-Now-
Level 15
Level 15

Maybe there's no tax due?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15
I'm always quite surprised on some returns that have lots of capital gains but very little other income, that there ends up being no tax due!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15
and of course, it makes me look like a hero when they have no tax liability!  LOL

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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garman22
Level 12
Level 12
hahahaa!!! Right, Lisa?! I have one client whose husband had passed from asbestos from his job and she got a massive payout and her income is derived from investments and she pays little tax.....she always asks me "are you sure I owe that amount?".......just the facts ma'am. :smile::smile:
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garman22
Level 12
Level 12
Love the hero part.
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Just-Lisa-Now-
Level 15
Level 15
:joy::joy:

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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