The IRS has a processing issue that is trigger Sch C, line 3, Gross Receipts Less Returns Allowances, reject incorrectly. Is this an update error on IRS /TurboTax side?

Forum|Forum|5 years ago
March 14, 2021
1 reply
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Description of error:
Data in the return is missing or invalid. Please double check your entries.
What needs to be done: You have two options: 1) You may wait to e-file your return at a later date when the issue is fixed (that date is currently unknown). 2) You may print and file your return by mail at this time.

TurboTax Self Employed Online

KathrynG3

Level 14

To proceed, check your entries and post any returns and allowances as a miscellaneous expense instead. You will need to delete any amount from Line 2 of Schedule C to keep the correct net income as reported.

To return to Schedule C, enter schedule c in the search box inside TurboTax. Select the Jump to link in the search results.

After at least one income type is listed, then Rebates and refunds will appear as an option under LESS COMMON INCOME.

Instead, list this in the last category of expenses, Other Miscellaneous Expenses.

For more information, see: Tax Guide for the Self-Employed: Everything You Need to Know | The TurboTax Blog