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Possible bug in Turbo Tax Online

I'm using Turbo Tax premier online and I am unable to pass final review of the federal taxes.

I'm using Windows 10.

 

In final review, an error to be addressed is "Check this entry- Schedule C (xxx) QBI At Risk Op Loss must be entered. QBI at risk Op Loss" and a box for input. No matter what I put in this box (0, 200, "yes" "no"), it is accepted, but then when I re-review for filing, this prompt returns again. I can not get past this step to file.

 

Where can I find what needs to go here?If it it is already computed on another form, which one? What earlier responses drive the asking of this question? What is the origin of this number and why is it not accepting anything?

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1 Reply
PatriciaV
Expert Alumni

Possible bug in Turbo Tax Online

Your best option is to return to business where this QBI At Risk Operating Loss was reported. 

  1. Work through the interview until you read the business summary page. 
  2. Edit the topic under Uncommon Situations for "Unused expenses, carry overs, non-depreciable assets, etc." Depending on the activity you're working on, the actual text may be different. Or you may need to edit the business profile to find the carryover topic.
  3. Be sure to check the box for carryover losses
  4. You should see a page with boxes for different types of carryover losses. Enter the information from your prior year return in the appropriate box or enter zero. 
  5. You may then see a page with a list of years and a total. Enter the carryover loss in the box for the correct year or enter zero. Your entries must match the total at the bottom.
  6. Continue through the interview until you are back on the business/rental summary page.
  7. Now run Federal Review >> Smart Check again.
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