Turbo Tax error

Unlikely. Have you used Forms mode and checked all the figures in the income section of the 1040 page?

I have. Strange. Will keep checking.

do you mean - 1040 - line 37 ? Adjusted Gross Income

As I was working this year, I would print the 1040 - pages 1 & 2 - just to see where the income was coming from, and then later, the deductions & taxes.

I got KILLED with Divs and Cap Gains - which I thought were way outta line, but when back thru my 1099's - and yup - it was just a good year for that stuff - and the taxes -

You'll need to clarify EXACTLY what you're seeing. And EXACTLY where. The term "Gross Income Adjustment" has no meaning that I've ever heard ... and doesn't appear in a search of the PDF version of my return. db

I think he means Adjusted Gross Income.

Yes. I got killed too. A good year, new taxes for Obamacare and AMT. A triple wammy.

Trying hard to grin and bear it .......

My mutual funds & stocks either tossed a high div, or lots of cap gains.. Thought it was a good portfolio strategy, now ?? Also - sold some of my Apple stock - BAM -

YUP - all the 1099 numbers vs Line 37 add up.

AAAHHH, which is why I only hold mutual funds in a non-taxable (IRA, Rollov er, etc) type account. There are stocks in the IRA accounts also ... but t he TAXABLE account holds only stock. Where I can, at least, control when t he capital gains and losses are taken.

db

One of the reasons one can consider an ETF if available vs. the typical index mutual fund holding the same resources ....at least you get to control your selling habits with the ETF.

But sooner or later, you pay the piper either way (hopefully, on your own terms as much as one can).