I answered a review question wrong which inputted my asset tax basis incorrectly. How do I get back to the question, or go to a form to manually make a correction?

[td13]

I am using Quick Books Self-Employed, and I initiated my return with information inputted from the program into Turbo Tax. On a review, I was asked to input my business asset cost basis, but I answered the question incorrectly. I can't figure out how to get back to the question to correct my answer, or go to a form and manually make a correction. I have already registered so I'm unable to delete information and start the return over.

[DavidD66]

To edit the tax basis for a business asset in TurboTax Self-Employed, while logged in and in your return:

• Click on Federal
• Click on Income & Expenses
• Click on Review for "Self-employment income and expenses" 
• Click "Edit" or "Review" for your business on "Your 2019 self-employed work summary
• On the page "Here's your info for this work" scroll down to "Assets" and  click on "Edit"
• Answer "Yes" to "Do you want to go directly to your asset summary?"
• Select the Asset for which you want to change the cost basis and click on "Edit" (or Delete and the re-enter it)
• Continue and update your asset

[td13]

Thank you for your response! Your solution worked up until the point I was supposed to see assets as a category, except I don't. I only see 1) General Info, 2) Payments and Identification, 3) Tax Details and 4) Other Situations. I am a sole proprietorship using a personal vehicle that I take expenses on at the moment; I don't know if that makes a difference.

When I navigate through the program I can find the worksheet containing Sch C input, and the incorrect entry I made in Part VI  (Vehicle Depreciation Information), line 33c (Vehicle Basis). But I can't figure out how to correct that entry.

I'll also note that I use TT Self Employed (obviously) and exported information from there to start my return. AND...in order to save a draft copy of my return I had to register, which now apparently prevents me from clearing all information and starting over.

Thanks again for any help I can get! I just want to correct that one entry and then continue with my return.

Terry

[td13 · Accepted solution]

I fixed this problem myself.

I (carefully) deleted the Car & Truck Expenses Worksheet, and then just navigated through the program again answering questions with information I used from a saved draft return copy.

I was never asked for the basis like I was initially; I guess prior year depreciation entries did the trick.

[LinaJ2020]

Awesome!  Glad it worked out. 

[patty black]

i need to record 1099R

[patty black]

did not include a 1099r

[patty black]

I need to correct a completed filing by  adding another 1099R

[AkinaLO]

Please follow the instructions below to add your 1099-R.

Where do I enter my 1099-R? - Community