Business Income and Expenses ' Needs Review'?

[manbeing]

@Jenndy43  Form 3800 is required only if you claim any general business credit 

[Jenndy43]

@manbeing  - look at bullet point #3.

• Sole proprietors, partners, and S corporation shareholders must file Form 3800 with their personal income tax returns.

Got it off Turbo Tax itself: 

IRS Form 3800: Calculating the General Business Credit

Written by Rocky Mengle, Attorney • Reviewed by a TurboTax CPA Updated for Tax Year 2024 • October 16, 2024 2:31 AM

• Form 3800 is used to calculate the General Business Credit, which is a combination of over 30 “component” tax credits that have their own eligibility requirements and rules.
• Form 3800 is a complex form that’s broken down into six separate parts. Some portions of the form focus on component credits for the current year, while other parts deal with credits carried over from other years.
• Sole proprietors, partners, and S corporation shareholders must file Form 3800 with their personal income tax returns.
• In addition to Form 3800, small business owners might also have to file separate forms for each component credit included in their General Business Credit.

[BarryGraham]

This is happening to me too and now the form won't be ready until Feb 22nd.  Every year there is a new issue that stops filing early.

[dcolacino]

Really not helpful that TT can't just explain where it's coming from so we can all stop asking and theorizing.

[Jenndy43]

@Dude3145  

@manbeing 

@daveneedsanswers 

@johngeffel 

@earth777

@dcolacino 

Friday 2/21/25 -

Just did an update.

Good News: The "DO NOT FILE" is no longer on my FORM 3800

Bad News; Am still getting the Needs Review message!!

Anyone else?? 

[Dude3145]

Same problem here after today's update.

'Needs Review' is still there.

Very disappointing and frustrating.

[manbeing]

Turbotax expert employees:

@LindaS5247  @MonikaK1 @DawnC  @PatriciaV 

All of you have been aware of the 'Needs Review' issue so far. After applying today's update, we are still seeing the same issue. This is not an occasional occurrence but has widely affected all 2024 Home and Business users, causing frustration. Please escalate this issue to the appropriate department and get it fixed ASAP. We believe this issue can be easily reproduced on your end as long as you use the 2024 Home and Business edition.

Thanks.

This issue has been reported in multiple discussion threads.

1. this current thread

2. The 2nd thread 

3. The 3rd thread 

P.S. As long as the business has a positive number income, it triggers the "Needs Review' alert immediately. A negative business income shows correctly.

[Jenndy43]

@PatriciaV 

Any update on the issue? I just updated my software and the NEEDS REVIEW is still there!  

[Jenndy43]

@manbeing @Dude3145 

Went through the interview again. Not sure if this is the issue but here goes: 

At the Section in Interview under Business Income: ANY 1099-MISC INCOME 

Turbo Tax wont let me keep the "NO" to the 1099 MISC question, even though I don't have any any of that !!

I check the "NO" box, and move forward but then come back to view it again and it's reverted to YES! 

[manbeing]

@Jenndy43  I just tried it and I got the same. The Yes for ' I have income on a 1099-MISC' keeps being checked.

I also tried another case: you make your expense more than income. The negative income is showing there correctly even though 'Yes, I have income on a 1099-MISC' is checked.

[Jenndy43]

@manbeing 

You think this is why we keep getting the "NEEDS REVIEW"?

It looks like we're on our own here.

I just made a completely separate post asking asking why 1099 MISC keeps reverting to YES -  but I'm not sure my posts are ever seen, lol

[Jenndy43]

Turbotax expert employees:

@LindaS5247  @MonikaK1 @DawnC  @PatriciaV 

In the Business Income Section:

Can you please check why,  when you enter a NO as to whether you received a 1099 MISC form -  in the Business Income 1099 MISC Section, it keeps reverting to YES?? 

You check "no", then push continue but when you come back to make sure it's NO, it's reverted back to a YES!!

I'm not sure this is the issue but it should be fixed anyway! 

[manbeing]

@Jenndy43  Can you check your 2023 home and business to see if that option keeps checked? If yours was unchecked, then I think it could be the root cause in 2024.

(I was unable to check it  as my 2023 version also showed 'needs review' if I made a positive business income. --- I actually had a negative income in 2023 and it showed correctly in 2023 version )

[Jenndy43]

@manbeing 

Done.

My 2023 is checked as a NO and it was transferred over as a NO. 

[manbeing]

@Jenndy43  I entered some data in MISC 1099 income section. It still shows 'needs review'