Hello, Experts:
I am using TurboTax 2021 business windows desktop version.
I just updated my turbotax business before I plan to file tax return for my corporate tax. The version I am using now (after today's update on 09/04/2022) was WinBiz [phone number removed].
It just showed that my business balance sheet is not balanced. What I found is that the calculation for Federal Taxes-->Deductions-->Business Expenses--> Common business expenses item was wrong. Let us say the sum of all my common business expenses is X dollars. What being shown here is the X-Y (when Y is the dollar number of the Payments to independent contractors item). While the common business expense item and the Payments to independent contractors should really be separate/independent items.
This calculation mistake was not there before my today's version update.
Could you please help look into this? As the corporate business file return deadline 09/15/2022 is just around the corner. Thank you.
