Schedule C, Part I, line 6, shows an amount I did not enter. Where did that come from?

[marlin8410]

Schedule C, Part 1, line 6 shows an amount I did not enter.  Where did that come from?

Line 1 - $36,259

Line 2 - $25,000

Line 5 - $11,259

Line 6 - $4,779 - I did not enter this nor do I have a figure of that amount

Why is my income increased?

[CherylW · Accepted solution]

Line 6 is for Other Income.

If you didn't have

• amounts from finance reserve income,
• scrap sales,
• bad debts you recovered,
• interest (such as on notes and accounts receivable),
• state gasoline or fuel tax refunds you received in 2017,
• any amount of credit for biofuel claimed on line 2 of Form 6478,
• any amount of credit for biodiesel and renewable diesel fuels claimed on line 8 of Form 8864,
• credit for federal tax paid on fuels claimed on your 2016 Form 1040,
• prizes and awards related to your trade or business, and
• other kinds of miscellaneous business income,

then line 6 may be depreciation recapture.  If you've taken depreciation for listed property in previous years and business use has dropped below 50%, then the recapture amount is figured on page 2 of Form 4797 and added back into income.

If neither of these fit your business, post back to this thread.

[-tikigod-]

I have this same question.   There is a value in line 6 that I did not enter.  If it is depreciation recapture, where did TurboTax get that number?  I did not enter it, nor do I have any official form from the IRS documenting such.    There is no way, that I can find using the online Delux edition, to see the contents of 'Schedule 1'.    It looks like TurboTax is generating random data if you can't see the contributing numbers!  

[fgarcia_60]

this didn't tell me any thing this is wrong how to fix this