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Get your taxes done using TurboTax
@DFKG wrote:
Schedule C, line 31 should calculate my profit/loss. It is not auto calculating and I cannot enter the net directly. What am I missing?
Likewise, how does this amount transfer to the 1041 return line 3?
I would take a screenshot of my test return, but I do not believe it would be very instructive.
The result (from my test) is that Line 31 on Schedule C does auto-calculate in Forms Mode and the figure does transfer to Line 3 on the 1041. Moreover, I get the same results regardless of which boxes are checked or left unchecked.
‎October 12, 2022
6:09 PM