in Events
I cannot find the screen to change Qualified Business Income answer from Yews to no.
You'll need to sign in or create an account to connect with an expert.
I don't think you need to change your answer to the qualified business income question answer since your business does qualify. Your work at a private school constitutes a trade or business and you have properly reported the income on a business Schedule C. Am I considered self-employed?
If you want to review the qualified business income questions, you can go back through the Schedule C questions in TurboTax and update your selections. You will see the income listed under ''Business Situations'' if you are using desktop Deluxe. Click on Update and you can review all of your entries.
Or, a quicker way, you can click on Forms in the upper right corner, scroll through the list of forms and click on the Schedule C for your business. Scroll all the way to the bottom. The last section is titled Qualified Business Income Deduction Info. The two questions asked during the interview are A (yes, it is a qualified trade or business) and D (see the list of SSTBs in the link below). The SSTB classification only matters if your taxable income is over $157,500.
I don't think you need to change your answer to the qualified business income question answer since your business does qualify. Your work at a private school constitutes a trade or business and you have properly reported the income on a business Schedule C. Am I considered self-employed?
If you want to review the qualified business income questions, you can go back through the Schedule C questions in TurboTax and update your selections. You will see the income listed under ''Business Situations'' if you are using desktop Deluxe. Click on Update and you can review all of your entries.
Or, a quicker way, you can click on Forms in the upper right corner, scroll through the list of forms and click on the Schedule C for your business. Scroll all the way to the bottom. The last section is titled Qualified Business Income Deduction Info. The two questions asked during the interview are A (yes, it is a qualified trade or business) and D (see the list of SSTBs in the link below). The SSTB classification only matters if your taxable income is over $157,500.
What is the *actual* answer to the original question? I need to change my answer on SSTB, and I cannot find where to change it.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Raph
Community Manager
in Events
Raph
Community Manager
in Events
DIY79
New Member
Ian B
New Member
NancyWolfe
Level 1