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Returning Member
posted Feb 6, 2022 6:08:21 PM

Found an Error with TurboTax in Small Business Filings

When inputting cost of goods for the year, it looks like TurboTax has 2019 and then 2020 listed but not option for 2021. I upgraded to have a call with a TurboTax advisor and we went through quite a bit of confusion to land at the likely possibility that the years on this should be 2020 and 2021. This cost me a couple hours so I wanted to make sure that this was in fact an error that was corrected for many other users. Can anyone confirm that those dates are just wrong? Thanks! 

 

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4 Replies
Level 15
Feb 6, 2022 6:25:25 PM

Below is a screenshot from a test return in my copy of Home & Business.

 

Returning Member
Feb 6, 2022 6:56:24 PM

Very strange! So yours looks fine. I wonder why mine is not showing the correct years. I wonder if someone from TurboTax knows why there might be a discrepancy? 

Level 15
Feb 6, 2022 6:58:58 PM

Are you on Windows or Mac?  What version?  You might need to update your program.   Go up to Online - Check for Updates

Returning Member
Feb 6, 2022 7:25:34 PM

Ok I will try that tomorrow! Thank you.