Turbotax software won't let me pass this loop.
"Do you have 1099-misc?" - I click No. Then the screen goes to:
"Do you have 1099-K?" - I click No.
Then the screen goes back to:
"Do you have 1099-misc?" and keep repeating this loop forever.
Is there a way to get out this loop? I went to the form and entered directly but I'm not very familiar with the form, more used to step by step. Software update doesn't seem to solve the problem.
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@lprmvr There is a software update that was just released which has corrected this problem.
I am using the 2023 Premier Edition desktop for Windows and found this workaround.
When the program asks if you received a Form 1099-K answer Yes. On the 1099-K enter any name for the Payer, any 9 digits for the Payer ID and then enter $1 in box 1a. Click on Continue and click on Done.
This will take you back to the Form 1099-MISC question and answer NO. Click on Continue.
You will now be back at the Form 1099-K Summary screen. Click on the BACK button. You can now continue the interview for the Schedule C or Schedule F.
Thank you! That's just so mind-boggling.
@lprmvr There is a software update that was just released which has corrected this problem.
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