Sch J for farm income avg. is giving me a tax that I know is incorrect. Return has decrease of 13000.00 in tax on an 18000 farm profit Anyone else having suspicious?

[MC13]

This cannot be figuring correctly.

[sjrcpa]

Go over the form yourself and recalculate it manually.

[taxiowa · Accepted solution]

Yeah, there is not a way for that to happen.  They only save on income tax and there is no 72% income tax bracket.  So even if previous years were all $0, they could not save that much.  And it does not change this years return so no new added EIC or CTC or reduction in PTC repayment can occur.  But as far as manually calculation Susan, I don't think anyone would even attempt that.  Had to be some kind of user error.

[MC13]

Thank you for your thoughts. After triple checking, I did find an input error. I appreciate your help. M.

[taxiowa]

@MC13 It is not an error.  It is only an error if it is not caught.  You questioned it and looked up and asked for suggestions.  We just have to have a process or checklist to ensure errors do not go thru.  Happy taxing.