Skip to main content
Level 2
June 3, 2019
Question

Schedule C 27b reserve for future, how too? Have self-employed business income that I want to reserve for the future.

  • June 3, 2019
  • 2 replies
  • 28 views

I am self-employed and have filled out schedule C for my business. I would like to reserve part of my income for future business use, see Schedule C, line 27b. TurboTax does not allow to add a number on that line.

How can this be done?

2 replies

Level 2
June 3, 2019
Recommended, Thanks.
DoninGA
Level 15
Level 15
June 3, 2019
On Schedule C Line 27b, the Reserved for future use is future use by the IRS, not the taxpayer.