I have entered a Farm related capital asset (breeding cow) that I purchased for $1500. Everything goes as expected until the review section and it says I have entered an estimated amount. I triple checked the assets I entered and none are estimated. I looked at the forms I think I know which asset it is complaining about (not marked as estimated). I deleted it, ran the checker and it was OK. I reentered the asset, ran the checker and it complained again. I need help!
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It would be helpful to have a TurboTax token. The token provides a sanitized version of your return. We will be able to see the numbers but not any personal information such as your name, SSN, or address.
If you would like to do this, here are the instructions:
In TurboTax Online, go to the black panel on the left side of your program and select Tax Tools.
In TurboTax CD/Download versions, go to the black panel on your screen and select Online.
Reply to this thread with your Token number.
We will then be able to see precisely what you are seeing, and we can determine what exactly is going on in your return and provide you with a resolution.
The Token number is : 1107954
there is one estimated number under the Mary Kay business of my wife for $500. that is correct as i am waiting on my wife for some numbers. That causes 2 issues.
The farm related asset problems causes 2 more issues to be found which should not be there.
Thanks.
I have reviewed your token and came up with a solution to clear the error. To clear the figures are estimates error, follow these steps:
This will clear the mark as estimated error. Once you have reviewed and reentered the accurate numbers for the Schedule C, you will follow the same steps to clear as marked as estimated.
I followed your instructions but the button to Unmark as Estimated is grayed out and not active. I have cleared the other estimated value so this is the only error and I can not seem to fix it. I can find nothing that is marked as estimated.
an update - I made a few changes to my wife's business numbers, changed the value on an expense item on Schedule F. I saved the file and ran the checker on the return and the error seems to have gone away. I am at a loss as to why but it seems to be ok now.
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