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Level 4
posted Jun 3, 2019 11:54:43 AM

I don't understand what TurboTax is asking for on the, "Let's gather your business info" page

Last year I started a small business. I started it as a sole proprietorship. I'm using TurboTax Home & Business as it seemed the most appropriate for my situation. I'm at the beginning of entering information for the business. The page has the title, "Let's gather your business info". There are 2 tabs here, one for 2016, the other for 2017. 2016 appears dimmed out, which makes sense to me, since I only started the business in 2017. The 2017 tab has, "Profit or Loss from Business" with a link. The dollar amount is currently $0.00, but it's a link, like I can click on it and enter a sum total. Is that what I'm supposed to do here? I guess I could put everything into a spreadsheet and figure it out, but I kind of thought that's what TurboTax would do for me.

Basically, I don't know what I'm supposed to do on this page and especially because of that $0.00 being a hyperlink, suggesting I could click on it to probably do something like enter the total. What am I supposed to do at this point, please?

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1 Replies
Level 15
Jun 3, 2019 11:54:45 AM

That's because you got ahead of the program. Most likely, you double-clicked a DONE button and didn't realize it.
At the top left right above "Lets gather your business info" click the "Business Income & Expenses" thingy. Then click the "I'll choose what to work on" button.
Now click the UPDATE button to the right of the Business Income & Expenses section. You should be able to take it from there.