I'm having an issue with the calculation for tips on the Qualified Tips Smart Worksheet for Schedule 1-A, Part II. Here's what the information shows:
Line B 1 - Net Profit is entered.
Line B 2 - Other Deductions which is the adjustments to income Schedule 1, Line 26
Line B 3 - Calculated the Net Income for the business by subtracting Line B from A.
Line C e - My tip amount is correctly enteered. It exceeds BOTH my Net Profit (Line B 1) and my Net Income (Line B 2).
Line G - TT has entered in my NET INCOME from Line B 3. It also has the box checked with an X. This amount is incorrect. It should be the NET PROFIT from Line B 1.
What am I missing? Please advise.
