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Business & farm
Well, annajoe803,
Your responses are probably correct; in fact, I find that Intuit doesn't support much of anything in TurboTax Business. I have been using this program for a few years now for different types of businesses and am continually disappointed with the quality of the interview and integration with the forms. It is pretty clear that they do the bare minimum to provide an interview, geared only to the smallest businesses.
In any event, here it is in February 2022, using the 2021 Business product for a very simple LLC filing as a partnership. And, of course, the same thing happened. Beginning Intangible amortization shows up as a Charitable contribution. And the only way to eliminate it is deleted it from the form. Intangible amortization is not complicated and the Asset Entry form handles it fine and puts it on the correct line on the income statement, but not the Balance Sheet. There is no excuse for putting an amount entered on the balance sheet in a totally unrelated Schedule K item. Just sloppy programing, full stop. Not about support. Would take about 30 seconds to fix the program code.
But you are correct about lack of support for Schedule L. Very few small businesses use it and it is not required. But if Intuit is not going to support simple entries on it they should say so up front and save us a lot of time trying to figure it out. Even take it out of the interview process and direct users to go straight to the form.
In any event, my advice to all preparing Business returns: FORGET THE INTERVIEW! Just go straight to the forms. And if you do use the interview, be sure to closely examine every item on every form before filing. There are many items on the forms not covered or buried in the interview that may be overlooked.