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1120guy
New Member

turbotax is not counting my income

This year TT business is only counting by expenses and not my income.  My data is pretty close to what it was last year.  At the qualified business other service, under ordinary business income/loss it only posts my expenses.  Last year it netted my income - expense

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4 Replies
JohnB5677
Employee Tax Expert

turbotax is not counting my income

Please clarify what you're posting:

  • What type of income did you have?
    • 1099 NEC / MISC
    • General income
    • Other Income
    • Did you Give income back?
  • What Form are you looking at?
    • Schedule C?
    • Schedule C Wks.?
    • Some other Form?
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1120guy
New Member

turbotax is not counting my income

This was general income to my sub S.  The problem was that after entering the amount in the "step-by-step" it did not post it to the forms.  I posted it myself to the forms and finished the return.  I could see the number in SbS, but not in forms.  Sounds like a bug to me.

turbotax is not counting my income

Didn't the S Corp issue you a K-1?  It goes here:

Where do I enter a K-1 that I received? (intuit.com)

1120guy
New Member

turbotax is not counting my income

Thanks, I am the sub S corp.  Again the problem is the SbS layer didn't pass data to the forms layer.  Bug.  Anyway, I put it in the form myself and finished.  Poor beta testing.

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