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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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.
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
Thank you.
Where are you seeing the reduced amount?
Do you report or show any credits or other entries in the amount of 214?
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?
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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