Transcript question

[ME]

Where it says tax return filed there is a amount under there, where code 150 is. All other transcripts have 0.00 this one has an amount under it. Is that typical before it’s processed?

[Candydoke]

@Theycallmedaddy!

That helps out so much! Thank you! This is the feisty year I can view transcripts so I was freaking out!

[Yourfavgirl]

I have that code (150) as well but it has 00.00 in the amount field. My codes are 766 and 768 at the bottom. So confused now.

[TheyCallMeDaddy!]

@ME
@Candydoke
On the code 150 line states your tax liability (taxes owed). Positive numbers thoughout your transcript are what you owe and negative numbers are your credits. So if you add your credits together then subtract the taxes owed. You will have your refund amount.

[ME]

I wonder if it goes away when it’s processd.

[Candydoke]

I have the same question. I have code 150 and a different amount than my refund and I have no idea what it means

[Author]

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