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wsel002
New Member

Where is the new LLC pass through deduction of 20 % for self employed business owners. I don't see it in my Turbo Tax.

 
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JulieCo
New Member

Where is the new LLC pass through deduction of 20 % for self employed business owners. I don't see it in my Turbo Tax.

The 20% pass through deduction will be reported on line 9 of the 1040 form.  It is a calculation that is based upon your personal taxable income level and, if you have qualified business income on your return, TurboTax will calculate the deduction.

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1 Reply
JulieCo
New Member

Where is the new LLC pass through deduction of 20 % for self employed business owners. I don't see it in my Turbo Tax.

The 20% pass through deduction will be reported on line 9 of the 1040 form.  It is a calculation that is based upon your personal taxable income level and, if you have qualified business income on your return, TurboTax will calculate the deduction.

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