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I marked the "Disposed of business in current year"YES; Turbo tax doesn't walk me thru interview to report the sale of business.

Forum|Forum|7 years ago
June 4, 2019
7 replies
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I sold small business in 2017. How/where do I need to enter the profit and loss from sale?

TurboTax Home & Biz Windows

Best answer by Kat11_2

I don't have my program open, but did you have a question about disposing of your business in 2017? "Current year" may mean 2018. See if there's another option to report sale of business in 2017. Then the interview should proceed with questions about how you disposed of your business.

J

jolsoncAuthor

I’ll try tomorrow, first thing in the morning, Thanks a lot 🙂

Kat11_2

Employee

Let me know what you find, ok? I'll try to take a look later on today, as well.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

J

jolsoncAuthor

Is the case number for my question 4344032?

J

jolsoncAuthor

I had the question about disposing of my business in 2017 - and I answered YES; however the interview questions never came up.

K

katrinanewman

same for me today 3/19

Kat11_2

Employee

@katrinanewman The original poster here found a solution by contacting TurboTax Customer Support. See the info below for contacting them by telephone during business hours.
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3401489">https://ttlc.intuit.com/questions/3401489</a>

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

Kat11_2Answer

Employee

I don't have my program open, but did you have a question about disposing of your business in 2017? "Current year" may mean 2018. See if there's another option to report sale of business in 2017. Then the interview should proceed with questions about how you disposed of your business.

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

J

jolsoncAuthor

Yes, I had the question about disposing of the business in 2017 - and I answered YES. I could not locate another option to report sale of business in 2017 in TurboTax. The interview never appeared and I am not able to report the details of the sale.