I'm just starting out. Once my Tax slips were entered it showed an income summary of where all my income is coming from. I have done nothing else with it but it is showing a NEGATIVE Net Self Employment income of -$30,983.48. How can this be when I haven't entered anything for my Self Employment Income yet. This happened to me last year as well and I managed to delete the amount as I thought it was a glitch in the program. But now I am thinking that perhaps there is a reason but I cannot find it out.
Last year I was using the CD version but this year am doing the online version. I find the help for the online version very limited compared to the CD version I had.
This year I started out using the Standard version as I want to see what my return would be without my Self-Employment.
Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.
I contacted that number but they have no clue and are investigating. As the suppliers of tax software, your employees should be able to tell a customer where a field is populated from. That figure doesnot match any of my figures but its a negative amount every year. To randomly drlete the amount may not be a good idea if it id there for z readon. I want my taxes to be submitted correctly. It should not be this difficult. I basically spent the whole afternoon with turbo tax not getting anywhere. I'm leaving on holidays and only have a day when I get back to get my taxes done and don't want the info to be incorrect. I shouldn't have to pay extra to speak to an expert on this issue.
They said it would be 8 to 10 days for an answer. Not acceptable at tax time!!!
@etvanvliet Did you have self-employment losses from last year that transferred over?
When it happened to me it was not because of my losses ... it had to do with my inventory but I don't remember what it was. Turbo Tax people did not have the answer. I figured it out but I don't know where the paper is that I figured it out on. I thought I emailed support the solution but I couldn't find it. Once you have put your business info in it will go away. If I find the papers I will come back and explain.
Thank you for the update we appreciate it.
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Thanks for your quick response. I did not have any losses last year. It's like the program placed a minus (-) in front of what I entered for earnings. When I added my expenses, it further added to the "loss" instead of just reducing my earnings. ie if my earnings were $10,000 and I entered them as such, it instantly displayed them as a loss of $-10,000, and any expenses added after further added to the "loss." As I said, my earnings last year were not a loss so there was nothing to carry forward. I should not be in a loss situation when I'm finished entering my data.
Looking forward to seeing how this was corrected. Thank you for your updates.
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Hi TurboTax,
My response was to the moderator who responded to me last night. The response you're talking about is from the original poster. I am still looking for a response from you on how to correct this. Thank you.
Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.