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Level 1

My state shows my business lost money i dont have a business never have my federal dot show tha

 
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Employee Tax Expert

My state shows my business lost money i dont have a business never have my federal dot show tha

The state return uses the federal return as a starting point, so it is likely that something erroneous was entered in the federal return, and it was then carried over to the state return. The best way to get a holistic view of what happened is to view the forms. 

 

Here's how to look at your current-year return forms:

  • In the left-hand menu bar, click on Tax Tools, then click Tools.
  • Under Other helpful links, click View Tax Summary.
  • Your Tax Summary will be displayed. In the left-hand menu bar, you will see a new option: Preview My 1040. Click it, and this will allow you to see the forms. It is important to check your 1040 before you check your state return, as much of your entries on the 1040 will impact the state return.
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