I just completed the tax return in the Tax Preparer Prep Course, and I noticed that the Completed Return that's available for us to reference is off/incorrect. Did anyone else notice that? The Schedule C Profit is off as well. There error on the Schedule C starts with the gross receipt numbers. Whoever completed the return put the correct amount on line 1, but left off $70 of the total gross receipts from lines 3, 5, & 7. I need clarification on the errors on the forms. Also, I don't believe the Sch D is correct either. For the cost basis the return has $1000, but the tax return reading assignment states that her cost basis was $2000 unless I'm missing something.
Thanks