How do I insert a business loss value onto line 3 of 1040 Schedule 1 in my Turbo Tax from a paper version of Schedule 3 which was prepared by a tax preparer?

The tax accountant only did my schedule c. I do all the other forms myself in Turbo tax.

630

Level 15

May 31, 2021 6:45:41 PM

You will have to fill out Schedule C with the accountant's figures. Then it will give you the Net Profit or Loss. If you are using the Online version you will have to go through all the interview steps. If you are in the Desktop program you can use the Forms Mode. FYI - In the Desktop program do not make any overrides or you can't efile. So you may need to find a backup detail worksheet to make the original entry on.

Level 15

Jun 1, 2021 5:34:46 AM

and be aware that any overrides can void the TT Accuracy Guaranty.

Level 15

Jun 1, 2021 9:08:08 AM

IF you want to efile the return you MUST enter the Sch C into the program along with the vehicle info and the assets being depreciated if any.

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How do I insert a business loss value onto line 3 of 1040 Schedule 1 in my Turbo Tax from a paper version of Schedule 3 which was prepared by a tax preparer?