When can we expect to see your tax return?

When to Expect Your Refund Refunds are generally issued within 21 days of when you electronically filed your tax return or 42 days of when you filed paper returns. If it’s been longer, find out why your refund may be delayed or may not be the amount you expected.

We issue most refunds in less than 21 calendar days. It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review including incorrect Recovery Rebate Credit amounts, or that used 2019 income to figure the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC).

Can I see my tax return on TurboTax?

You can request copies of your IRS tax returns from the most recent seven tax years. If you filed your taxes with a TurboTax CD/download product, your tax return is stored on your computer, so you can print a copy at any time. If you used TurboTax Online, you can log in and print copies of your tax return for free.

What kind of income did I have in 2019?

2019 was a big year in our household. It was my final year as an anesthesiologist; I left my job in August of 2019. It was the first year I earned multiple six figures in online income. We also had dividend income of just over $50,000 between my Vanguard brokerage account and some passive real estate investments.

Where does my income come from on my tax return?

The truth is that the majority of our deductions came from charitable giving; you don’t pay taxes on donated income. This is where “wages, salaries, tips, etc…” are recorded. The $188,176 comes from Box 1 on my W-2 from my former employer. That’s what I earned in my final partial year working as an anesthesiologist.

What should I put on my tax return for 2020?

In 2020, I added another $170,000 in losses harvested, which will more than negate the gains I’ve realized from the sale of a brewery and the rest of the lakefront property. The IRS allows you to offset up to $3,000 of ordinary income with capital losses annually, and the extra is carried over to future years (after capital gains are also negated).