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jsamcrupper
Returning Member

Other Miscellaneous Expenses summary shows less then ammount entered

Home and Business > Business Income and Expenses > Other Miscellaneous Expenses

 

I am confused as to why the total amount I enter in to OME shows the amount minus $214 on the summary page.

Example:

Enter Expenses:

Description | Amount

Item A | $500

Item B | $500

 

Summary Page (Business Income and Expenses)

Other Miscellaneous Expenses: $786 <- I expect this to be $1000 but it is not

(Also if the total is $214 or less then the summary shows $0)

 

I am not seeing anything that explains why this is happening, is it a bug or is there math being applied from a source I cannot find?

 

Thanks in advance!

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1 Best answer

Accepted Solutions
jsamcrupper
Returning Member

Other Miscellaneous Expenses summary shows less then ammount entered

Thank you every one for the questions and prompts, they led me in the right direction to find the issue.

I had included a Start-up Expense on the IRC195 that was being subtracted from the Miscellaneous Expenses, I removed it because it is better else where and now the Miscellaneous Expenses is showing $1000 on the summary. Thank you everyone.

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5 Replies
KrisD15
Employee Tax Expert

Other Miscellaneous Expenses summary shows less then ammount entered

To clarify, can you look at your Schedule C line 48?

Or go back to the section and look at your entries. 

Check to see if somehow a negative -214 was listed somewhere

 

Link for viewing tax return using TurboTax Online 

 

 

 

 

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jsamcrupper
Returning Member

Other Miscellaneous Expenses summary shows less then ammount entered

Screenshot 2025-02-18 081728.pngScreenshot 2025-02-18 081748.pngScreenshot 2025-02-18 081636.png

KrisD15
Employee Tax Expert

Other Miscellaneous Expenses summary shows less then ammount entered

Thank you.

Where are you seeing the reduced amount? 

Do you report or show any credits or other entries in the amount of 214? 

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Other Miscellaneous Expenses summary shows less then ammount entered

@jsamcrupper 

Just a thought:

When you started your return, did you transfer 2023 info into your 2024?

In Forms Mode, can you look at the back of your actual Schedule C (not the Schedule C Worksheet) and in Part V of the actual Schedule C is there any anomalous entry showing up not reflected on the Worksheet?

jsamcrupper
Returning Member

Other Miscellaneous Expenses summary shows less then ammount entered

Thank you every one for the questions and prompts, they led me in the right direction to find the issue.

I had included a Start-up Expense on the IRC195 that was being subtracted from the Miscellaneous Expenses, I removed it because it is better else where and now the Miscellaneous Expenses is showing $1000 on the summary. Thank you everyone.

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