turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

smp2275
Returning Member

My common business expenses do not add up correctly. There is over a 400 dollar difference in figures with the program adding more than 400 dollars to the actual total

The software is not totaling the input correctly

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

My common business expenses do not add up correctly. There is over a 400 dollar difference in figures with the program adding more than 400 dollars to the actual total

If you are depreciating any assets, which you entered in a prior year, then the 2017 depreciation amount will be added to your total business expense deduction.  This may explain the increase in your expenses.

Common business items that are depreciated:  Buildings, vehicles, equipment, office furniture, computers, and tools used by the business.

See the TurboTax FAQ below for more information.

https://ttlc.intuit.com/replies/3302228

My common business expenses do not add up correctly. There is over a 400 dollar difference in figures with the program adding more than 400 dollars to the actual total

My Common Business Expenses total is low by about $12,000 in both 2017 and 2018 tax years, and I don't think I am anywhere near a depreciation amount to account for that, and again, the TurboTax amount is SHORT of the correct total.

My common business expenses do not add up correctly. There is over a 400 dollar difference in figures with the program adding more than 400 dollars to the actual total

If you wish to report a new problem (even if similar in nature to the existing thread), I would encourage you to make a new post rather than reply here, so that more members of the forum will have a chance to see it.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies