I am having the same issue described in this post.
Steps to reproduce the loop:
- click Review for the Dependent Care Credit deduction
- answer Yes for the question "Did you pay for child and dependent care in 2021?"
- answer Yes for the "principal place of residence in the U.S." question
- answer "None of the above" for both my spouse and I in the Tell Us More screen
This sends me back to the screen to click Review for the Dependent Care Credit deduction.
I believe we qualify as:
- My wife holds a W2 job - verified this W2 is assigned to my wife
- I am employed through one of my S-Corp and receive a W2 - verified this W2 is assigned to me
- My LLC taxed as an S-Corp generated about $45k in profits (received a 1120-S K-1).
- I have a second LLC for a new business venture that lost $64k (received a 1065 K-1).
- Combined, my wife and I earned under $400k.
- We are filing jointly.
I was wondering if my second LLC loss was causing this issue, so I removed it. After removing it, Turbotax allows me to claim the Dependent Care Credit.
Any help determining if there is a bug in TurboTax or if my second new business loss really does disqualify us for this deduction even though my primary business produced enough money (K-1 and W2) to cover the loss of my new business (K-1).
