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Get your taxes done using TurboTax
Does that mean TurboTax was wrong (or there was some other parameter I was missing when I did it myself) in that it used the raw self employment income?
For example if the self employment profit was $1000, minus $100 for half of the, say, $200 self employment tax. TurboTax appears to tell me that the QBI is $200 (20% of the $1000). If it's supposed to be based on 20% of the $900 ($1000-$100) it seems like something is off.
‎July 11, 2020
3:41 PM