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Bugs in 2023 Home & Biz 1099-nec, donations, shown on summary & 1099-NEC biz description

On the summary page where the tax categories are listed with columns for 2022 and 2023, the 1099-NEC line show zero $ for this year but the 1099-NEC data is entered and shows up in other places.  Similarly, the summary for donations is showing an amount that is 3 to 4x of the actual donation total. On the 1099-NEC section I have updated it a couple times and modified the business description - each time it is adding another business title to a radio button list -- there seems no way to delete the old / extra business descriptions.

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2 Replies

Bugs in 2023 Home & Biz 1099-nec, donations, shown on summary & 1099-NEC biz description

First, oops, the title should reference 2022 Home & Biz and the message should say 2021 & 2022 summary columns. Second, I found a fix & explanation for my issues.

 

The multiple business creations came from seeing and editing the 1099-NEC as it appears within the personal tab. Apparently I created the original business when putting in the expected 1099-NEC income when getting ready to calculate my estimated tax for Jan. 15. The second business appeared when I added the business expenses (possibly by editing the 1099-NEC via the personal tab), now I had two businesses, one with income and no expenses, one with expenses and no income. This also created summaries later in the process where my business was shown with a loss equal to the expenses. Somehow the summary was picking up the losing business but not the one with all the income. So, that is a different bug to track down. Then when I saw the $0 1099-NEC summary showing up in the personal tab 1099-NEC summary column, I went in to edit and try to fix but ended up with a third business with neither income or expenses and no obvious way to delete the unexpected extra businesses.  Turns out that I had to go into the business tab and edit the business profiles by deleting two profiles and putting the expenses into the original profile. I think that business related 1099-NEC should not be visible in the personal tab 1099-NEC line - this just creates confusion and can generate extra business profiles if you try editing via the personal tab instead of the business tab. 

 

On the problem with medical expenses looking very high in the summary, turns out there is a small note at the top of the list of medical expenses you can add via type in boxes. The note says Turbo Tax already added in the Social Security Medicare part B expenses. The note is just the last line of text before starting the column of other user added medical expenses. That accounts for more than two thirds of the final medical expense I was seeing in the medical expense summary -- making the expenses look way higher than what I had added for doctors & prescriptions, etc.  This is VERY confusing to users, please put the Medicare part B & D expenses in the same column with the user added expenses so it is more obvious where the expenses are coming from. It is ok to not give the values an editable box but direct folks to do any editing in the Social Security Income section. 

 

I found a new issue when entering business expenses. There is set of questions about whether I want to take expenses between $200 & $2500 as depreciation assets over time or as an immediate one time expense. I selected immediate expense.  But there is no place to enter these higher dollar assets as a one time expense. The detailed list of business expenses has no category for these, the closest was office expenses, as these were laptops and a printer.  There needs to be a category for these larger, immediate expense items.

 

I hope this helps some other folks and that Intuit looks into making the suggested improvements. Thanks

Bugs in 2023 Home & Biz 1099-nec, donations, shown on summary & 1099-NEC biz description

Found the place to put $200 to $2500 De Minimis safe harbor expenses is in the Misc Business expenses. per 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/business-tax-credits-deductions/expense-...

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