Time Machine Overestimating Size of Backup
I'm trying to back up my iMac to an external 1TB drive that is partitioned into two equal halves. The iMac storage has 374GB available from a total of 500GB (499.96GB). That means the total space used is approx. 126GB. Yet, Time Machine is estimating the size of the backup to be 458.2GB. Even allowing working space for that backup, that seems unreasonably large as it's more than three times the size of the data being saved. I've emptied trash, restarted a couple of times, have made sure no external drives are being calculated in the estimate, and still, it remains the same. Thanks in advance for any thoughts.
iMac Line (2012 and Later)