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New Member
posted Feb 5, 2023 12:05:15 PM

TurboTax thinks I lost $91 on an investment in the last year but I didn't invest in anything. How can I bypass this and remove the false loss of $91 from my return?

On the "Your Income" section of filing, TurboTax seems to believe I held investments/savings and lost $91 at some point during 2022, however I made no investments whatsoever.  No crypto, no stocks, no interest, nothing.  The website will not allow me to proceed with my tax return until I add/review a 1099-B, 1099-INT, 1099-DIV, 1099-K, or crypto, of which I do not have and doubt I'll be receiving.  I don't understand why TurboTax believes I made some kind of investment after a simple year of working a regular job, and I need a way to bypass this and remove the incorrect loss before I can finish my tax return.

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1 Replies
Expert Alumni
Feb 6, 2023 6:20:59 AM

When you view the tax return, where is the $91 reported?  You first have to determine where it is reported before you can remove the entry.

 

Once you know what form the income is being reported on, you may be able to remove the form by following these steps:

 

  • Down the left side of the screen, click on Tax Tools.
  • Click on Tools.
  • Click on Delete a form.
  • Find the form listed and click Delete to the right.

 

However, if the form re-generates, that means that there is an entry in the software that needs to be removed or changed.

 

If this is the case, return back to the point in the software where the questions that populate the form are asked.

 

When you go to Federal / Wages & Income / Your income, do you see the $91 reported?  Are you able to Edit / Add to the right and delete?