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re: Filing an Amendment - Help
Posted on 4/19/17 at 12:57 pm to tigerbaittrick
Posted on 4/19/17 at 12:57 pm to tigerbaittrick
It is, but I'm not sure how including a 1098T generated a $1200 balance due, but removing it generated a $1800 refund. 1098T is for college tuition, which generates credits and deductions, so including it should have reduced the tax liability, and removing it should have increased it.
1
Posted on 4/20/17 at 8:33 am to The Spleen
quote:
It is, but I'm not sure how including a 1098T generated a $1200 balance due, but removing it generated a $1800 refund. 1098T is for college tuition, which generates credits and deductions, so including it should have reduced the tax liability, and removing it should have increased it.
Yeah that's what I was thinking. To have the situation OP said, you'd have to be including income that doesn't belong to you
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