Schedule C, line 31 does not calculate in TT business forms mode doing Trust Return 1041

[DFKG]

This value carries to form 1041 line 3 but I have no way to edit this field and it does not automatically calculate. Therefore I have no way to complete form 1041. Schedule C Line 29 shows tentative profit (loss). How does one get this value into line 31? Line 30 is blank as are boxes 32 a & b.

[Anonymous_ · Accepted solution]

Why did you start another thread on this same issue? You are not going to get a different answer or solution to your issue by doing so.

First, what type of trust return did you select when you started in TurboTax Business (e.g., simple, complex, grantor)?

Also, what steps have you completed in Step-by-Step mode? 

Finally, Schedule C will calculate a net profit/loss (Line 31) in Forms Mode and that figure will propagate to Line 3 of the 1041. Therefore, you must have some sort of input error at some point in the program (or other facts are missing).

You might want to contact Support in the event there is some sort of glitch in your copy of the program (or installation).

What is the TurboTax phone number? (intuit.com)

[DFKG]

I just joined this community and after I replied to the thread I got a prompt suggesting if the question wasn't answered, I post another question. It's the UI of the community. I wasn't sure if the reply would yield more support.

This is a complex trust. It was created as a Grantor Trust and now has it's own EIN, so I'm not sure that matters anymore. I do not see any indication on 1041 of entering grantor status. I'm filing the 1041 with the Trust EIN, not passing through to the original grantor.

You will note that in the prior thread another user also found that box 31 does not auto calculate.

I see no red boxes or indication of errors on the form. I did not do the Schedule C in step by step mode.  I don't think that's supported. When I enter step by step from the Sched C, it brings me back to the main return 1041

Also note that box 31 preceeds boxes 32 a & b, so I'm not sure why they would have to be checked before 31 has a value. In any event I have tried checking either box and it does not change the issue with 31 not being editable or self calculating. All the other fields that are applicable to me have calculated fine.

[Anonymous_]

At this point, Iam not sure how to respond. 

First, there was no other user claiming Schedule C did not auto calculate in the other thread. There was only one other person who posted a message and she only mentioned the 32a and 32b checkboxes.

I can only show you (in screenshots below) that Schedule C does auto-calculate just fine, at least in my copy of TurboTax Business. Note that the test trust is complex and on a calendar year and it is neither the initial nor final return (not that it should matter).

[DFKG]

I resolved the calculation problem. Line G must be checked for YES.

Thank you.