Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Mar 7, 2024 11:11:14 AM

Business Net Income not calculating

I have entered Business Revenue (non-T4/T4A) and I have entered expenses. I have gone back and reviewed the entries and they all appear to be saved, however my summary is showing $0 Net Income

0 7 1480
7 Replies
Moderator
Mar 7, 2024 11:24:08 AM

Are your expenses cancelling out your income?

Returning Member
Mar 7, 2024 11:28:29 AM

No, There is not a lot of either but the income is more than the expenses

Moderator
Mar 7, 2024 11:53:31 AM

 

 

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.

Returning Member
Mar 7, 2024 12:24:51 PM

So now I have removed the income and all the expenses and I have a loss of 629.93? I am very confused.

Intuit Alumni
Mar 7, 2024 12:26:35 PM

Please contact our telephone support team at the number above as they have the capability to view your screen and return.

 

Thank you for choosing TurboTax.

Returning Member
Mar 7, 2024 12:39:18 PM

and the answer is....  Auto CCA. It never shows this anywhere, just calculates it and leaves you guessing.

 

 

Intuit Alumni
Mar 7, 2024 12:50:58 PM

Thank you for the update.

 

Thank you for choosing TurboTax.