Endless loop trying to dispose of farm assets

Forum|Forum|2 years ago
January 1, 2024
1 reply
3 views

We closed our LLC partnership in 2023. I currently have two problems in Turbo Tax step by step.

1) I have marked all assets in farm asset list as sold and entered FMV sales price and date. After finishing the last item on the list I click done and program pulls up the last item and asks to repeat the disposal steps. I cannot get out of this endless loop other than restarting the return.

2) The program will not let me out of the Total Business Income page. When I attempt to move to next step the program tells me I have assets that have not been disposed. I already disposed of all farm assets and have no business assets.

What can I do to resolve these problems and complete my return?

TurboTax Business Windows

Anonymous_

Level 15

In the Farm Income section, do you see the Farm asset disposition line (and a figure)? I tried entering a few assets in a test return and I did not encounter any issues with the dispositions of those assets.

You may have to contact Support for this issue.

How do I contact TurboTax? (intuit.com)

danieldjrAuthor

Level 2

I tried again and still no success. The program tells me a number of forms needed to complete my return are not ready yet, perhaps this is part of problem. I guess I will have to contact tech support. After many years of use, Turbo Tax is losing its luster.