Solved: I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.
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New Member

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

I sold small business in 2017.  How/where do I need to enter the profit and loss from sale?

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Accepted Solutions
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

I don't have my program open, but did you have a question about disposing of your business in 2017?  "Current year" may mean 2018.  See if there's another option to report sale of business in 2017.  Then the interview should proceed with questions about how you disposed of your business.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

View solution in original post

12 Replies
New Member

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

I’ll try tomorrow,  first thing in the morning, Thanks a lot 🙂
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Let me know what you find, ok?  I'll try to take a look later on today, as well.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
New Member

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Is the case number for my question 4344032?
New Member

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

I had the question about disposing of my business in 2017 - and I answered YES; however the interview questions never came up.
New Member

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

same for me today 3/19
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

@katrinanewman The original poster here found a solution by contacting TurboTax Customer Support.  See the info below for contacting them by telephone during business hours.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3401489">https://ttlc.intuit.com/questions/3401489</a>
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

I don't have my program open, but did you have a question about disposing of your business in 2017?  "Current year" may mean 2018.  See if there's another option to report sale of business in 2017.  Then the interview should proceed with questions about how you disposed of your business.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

View solution in original post

New Member

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Yes, I had the question about disposing of the business in 2017 - and I answered YES.  I could not locate another option to report sale of business in 2017 in TurboTax.  The interview never appeared and I am not able to report the details of the sale.
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Sorry, @jolsonc, this isn't a chat room.  We (volunteers, TurboTax employees and Tax Pros) just log in to assist users at various times.  I'm a user just like you, not a TT employee.
Are you indicating that you have a case #?  Have you contacted TurboTax Customer Support via telephone about this issue?
My next question:  Did you receive a tax document (1099-S) regarding the sale of your business?
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

You may want to contact TurboTax Customer Support during business hours for assistance.  To do that, use the information linked below.

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number">https://ttlc.intuit.com...>
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Last comment edited to correct link.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Level 15
Level 15

I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Also, make sure your software is updated with the latest update.  To check, see the information below.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901183-how-do-i-update-turbotax-cd-download">https://ttlc.intuit....>
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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