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Are you sure you are preparing the right return? It sounds like you are trying to prepare a 2020 return and not 2021. What Turbo Tax product are you using Online or Desktop?
I'm using the online version. I used it last year, and it has my information from last year stored. I'll need to go back and look, but I believe it was putting my numbers into the 2021 total. I'm thinking maybe the headers just weren't updated (Schedule F). Would you be able to look at that?
I entered data into TurboTax Online Self-Employed and also observed that the title of some columns displayed different tax years than what I was expecting.
I followed the income and expenses through to the 2021 Schedule F and the 2021 Federal 1040 tax return. The numbers appeared to flow correctly.
Did your 2021 Federal 1040 tax return also update correctly?
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