Second return I'm doing for family and both had 1099-Misc entered but the amount is not showing in the Income Summary list. It shows the amount for 2020 but a -0- in the 2021 column. It appears to flow to the proper forms but this is a bug that makes me nervous when completing taxes.
@FixedOn66 For clarification - is it showing on the forms? Or is it just not going through at all?
I haven’t confirmed forms but the 1099 info showed up in the Sch E I worked on after. It’s just disconcerting to see the 1099 misc line have thousands of dollars last year with zero this year. The whole point of the income summary page is to go through each item seeing whet you did last year and working accordingly this year. Showing a ZERO doesn’t confirm having entered the correct info in that category.
@FixedOn66 I can see where it's disconcerting but the 1099-MISC is a weird form that reports income from a lot of sources - including rent and royalties which go on schedule E and not on the income summary as a 1099-MISC anymore. Glad you got it figured out!
I didn't figure it out. I still think this is a bug! I've entered this same 1099-Misc every year for many years and the income summary page will show the income from the 1099-Misc so you can see its entered. If TurboTax is going to start setting that income item to zero for 2021, it should set 2020 to zero as well.
To be clear, in the screen shot attached I have entered a 2021 1099-MISC for $36,000 and it has flowed to the appropriate schedules. But that line for 2021 shouldn't read "$0."!
INTUIT... PLEASE FIX THIS!