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Anyone having a problem with business expenses not totaling correctly ?

TT Home and Business is coming up with a total much higher for business expenses than what I actually entered in the system...
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3 Replies
AliciaP1
Expert Alumni

Anyone having a problem with business expenses not totaling correctly ?

If you have depreciating assets from previous years or assets you have elected to take the Section 179 deduction on, TurboTax will calculate and carry forward (when appropriate) any allowable deductions without you having to re-enter any information.  Also, if you have a business loss carryforward, TurboTax will calculate your allowable deduction based on your other entries.

 

See What is depreciation? and Net Operating Losses for more information.

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Anyone having a problem with business expenses not totaling correctly ?

Thank you for your reply.  Upon further investigation, it seems that the system is, behind the scenes, moving some expenses entered (via Easy Step) in the Business Vehicle Expense section into the Other Common Business Expenses section.  This makes up the discrepancy in the total I am getting for Other Common Business Expenses.  Is this correct, and if so, why ?  Thanks again.

AliciaP1
Expert Alumni

Anyone having a problem with business expenses not totaling correctly ?

I can't recreate your situation in my test system.  It would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue.

 

You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, here are the instructions: 

 

Go to the black panel on the top of your screen and select Online. 

  1. Scroll down to and select Send tax file to Agent. 
  2. You will see a message explaining what the diagnostic copy is.  Click send through this screen and then you will get a Token number. 
  3. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

 

@dfahrnertt 

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