TurboTax Home&Business appears to double count sta...
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Level 2

TurboTax Home&Business appears to double count start-up expenses

I started 2 separate farm business in two different states (MN and NE).  I entered the startup expense for the first one in the Farm Section of Step by Step.  TurboTax appears to be putting the start-up costs for Farm A on the other Schedule F for Farm B and double counting the costs.

Also, I can't get the step-by-step to let me separately enter the startup expenses for Farm B.   Opening Farm B in Step by Step and selecting Startup costs gets me to the list I just entered for Farm A.

The other expenses (taxes, etc.) seem to be entered ok.

I might be able to game the system by entering one farm under schedule F and the second on schedule C. But I don't think I should have to do that, right?

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Level 15

TurboTax Home&Business appears to double count start-up expenses

 
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Level 15

TurboTax Home&Business appears to double count start-up expenses

That would be wrong ...  in each Sch F section you will have the opportunity to enter the income and expenses for each farm.  Switch to the FORMS mode and  review  your entries carefully ...  delete a section if needed and try again. 

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Level 2

TurboTax Home&Business appears to double count start-up expenses

This was caused by a glitch in Turbo Tax.  Probably caused by me answering questions one way the first time through, then changing it later.  To fix it, we deleted the entire business that was being counted twice, then re-entered that business's information again.  This time the forms appeared to be done correctly.   Painful, but at least we didn't have to dump the return and start the whole thing over.   Apparently changing some answers in the step-by-step does not always flow all the way through.

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