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@TheBomber069 This is the TurboTax US user community website.
Go to this TurboTax Canada website for assistance with a Canadian tax return or the TurboTax Canada editions - https://turbotax.community.intuit.ca/turbotax-support/en-ca
Tubo Tax Desktop Standard schedule 3. The net capital loss is not being filled in on (19900) line 37. This needs to transfer to T1A Part 5
"Standard"?
This is the U.S. TurboTax public user forum. For help with Canadian taxes, please post your question in the Canada TurboTax user forum., at the following link.
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According to the instructions for Colorado Form 104-line 5, "Enter on line 5 the full amount of any federal deduction claimed for business meals on line 24b of Schedule C of Form 1040. Also include on line 5 any business meals addition from line 10 in Column A on any Colorado K-1 (DR 0106K) issued to you by a partnership or S corporation."
I entered 0 on line 5 of my Colorado Form 104, as I have no federal business meals deduction on line 24b of Schedule C of Form 1040 and I did not receive and Colorado K-1s from any partnerships or S corporation.
When running the review of my Colorado tax return, TurboTax flags the Form 104-line 5 entry of 0 and provides the following message:
Check This Entry
Form 104: Business meals deducted needs to be a positive number greater than 0.
If there is no business meals deduction on Form 1040 Schedule C or any from Colorado K-1s, then why must the value entered on Form 104 line 5 be a positive number greater than 0 if the actual deduction add back is 0.
It should be a blank instead of a zero.
IN: TurboTaxBusiness 2024 (1041 trust)
General Info / Beneficiaries.
Finds 2023 forms. Loads Beneficiaries Incorrectly.
1. Can Not Correct, Reverts to old form..
2. Can not add new beneficiary without error.
Tried deleting all and recreating as new beneficiary.
New beneficiary does not appear. Is replaced (seemingly randomly)
by beneficiary from 2023. Program is unusable as is.
You should clear the cache and cookies on your computer and re-boot it, then start over, as that sounds like a computer issue.
Clearing Cache and cookies does nothing. It is a program bug. I found a work around. Go into the forms rather than step-by-step and eliminate all k1's and references to beneficiaries. Then g back into step-by-step. This time the beneficiaries will be created correctly. In general in trusts the beneficiaries do not change from year to year, but occasionally they do, and this creates a massive headache in the current version of TurboTax, but the workaround above fixes the problem. Please let me know when the code has been corrected as well and I will download the upgrade.
Regards
Otto
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