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20% Pass Through
I am using PC version of TT Home & Business, which I have been using for over 10 years.
We have Qualified Business Income (QBI) and should be getting the new 20% pass through deduction for the Schedule C income.
I have entered all Schedule C income (my wife) as well as all wage income (me) and am not seeing the deduction happen anywhere. Total income is below any phase out.
As far as I understand it the amount should appear on Line 9 on the 1040, but that is currently showing 0.
Am I doing something wrong? Or does that deduction need to be entered manually?
I have seen no new questions in the step by step to suggest that TT is in a position to actually consider the deduction?
Topics:
March 10, 2019
1:54 PM