My business is an LLC (Sole Proprietor). Last year I itemized my business expenses (Schedule C) and passed the net business income through to my individual income tax which I itemized (1040). This year it looks like taking the personal exemption will be in my favor.
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and possibly some good news. if you have a profit on the schedule C, you may qualify for the 29% qualified business income deduction. as i understand it, this has not yet been implemented in TT,
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