Hello all. We have been using TurboTax for years and always have it import last years taxes before starting on the new year. All of my self-employed business details transferred over. When entering personal tax information it asked for a new name for the business income. I didn't think much of it until I was entering my 1095-a details. After entering the monthly amounts I am asked to check the box next to i'm self employed and bought a marketplace plan. After clicking continue I am only able to select the new personal incoming name and not my business name for associating the policy with the company. I am guessing I did something wrong in the personal income section but not sure what or where. Any help is appreciated.
Thank you.
You'll need to sign in or create an account to connect with an expert.
You probably have 2 businesses set-up now, but that is easy to correct. Search for Schedule C and use the jump to link. You will be taken to your business/self-employment summary. Delete the newly created business and make sure your 1095-A and any business income 1099s are linked to the correct business. You look to be using the desktop software. If so, after you delete the business, click on Forms and you will see red exclamation marks next to the forms with errors. While you are in Forms mode, you can link them to the correct business. You can do this in the interview mode as well, but it is easier and quicker to do in Forms mode. If you are using TurboTax Online, you have to edit the forms in the interview.
Worst case - If you accidentally deleted the Schedule C you transferred in (the one you want with history and carryover information), you can start a new return and transfer in last year's return again.
You probably have 2 businesses set-up now, but that is easy to correct. Search for Schedule C and use the jump to link. You will be taken to your business/self-employment summary. Delete the newly created business and make sure your 1095-A and any business income 1099s are linked to the correct business. You look to be using the desktop software. If so, after you delete the business, click on Forms and you will see red exclamation marks next to the forms with errors. While you are in Forms mode, you can link them to the correct business. You can do this in the interview mode as well, but it is easier and quicker to do in Forms mode. If you are using TurboTax Online, you have to edit the forms in the interview.
Worst case - If you accidentally deleted the Schedule C you transferred in (the one you want with history and carryover information), you can start a new return and transfer in last year's return again.
That helped. Thank you very much for your reply.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
AndrewA87
Level 4
tina232910
New Member
xer01
New Member
KellyD6
New Member
Cainon
New Member