Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 21, 2020 7:23:29 PM

Schedule C needs review, but is correct. Reviewed about 10 times. What can I do?

0 6 3041
6 Replies
Expert Alumni
Feb 21, 2020 7:46:18 PM

Is the software giving you specifics on what needs to be reviewed on your Schedule C? 

Level 15
Feb 21, 2020 8:49:45 PM

If you are claiming/reporting any business assets in the Business Assets section, work through each individual asset one at a time and check the figures. More than likely you won't need to change a single thing. But work through each asset one at a time anyway, all the way to the end of that section and click the "Done with Assets" button once you've done that. Then run the final checks again and see if that does the trick. (It usually does.)

New Member
Jul 14, 2020 11:23:44 PM

Worked for me. Life saver!!!

New Member
Sep 22, 2023 1:48:54 PM

That didn't work for me, TurboTax appears to have a rule that flags no changes to Assets from the previous year as invalid/needs review - I consider this a software defect. I was able to get unblocked by adding a $1 Asset.

Returning Member
Feb 6, 2025 9:05:20 AM

If I ignore this and file the return anyway, will it cause a problem?

Expert Alumni
Feb 6, 2025 10:46:03 AM

Before you do that I would take a look at the actual schedule C (you can print a pdf after you have paid but before you send in the return).  Make sure that the numbers that are being sent to the IRS are exactly what you want them to be.  If you see any discrepancies then you'll know which number to fix.  If everything looks correct then  you can go ahead and send it.

 

@rian3311