- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The amount appearing on Form 8995, line 1(c) is line 31 of Schedule C minus the deduction for 1/2 of the self employment tax.
If you are using TurboTax CD/Download you can view the Qualified Business Income Deduction Smart Worksheet by going in to Forms Mode. To do this please follow these steps:
- Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
- In the Forms in My Return list on the left, click Schedule C (bsns name). The form will appear on the right side of the screen.
- Scroll down to the Qualified Business Income Deduction Smart Worksheet, below line 48.
- Section E of the worksheet shows the calculation of the "Allowable Sch C Profit (loss) from the business." This figure transfers to Form 8995, line 1(c).
- You can view the form on the screen or you can print a copy by clicking the Print box at the bottom of the screen.
- To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.
If you are using TurboTax Online, you can print/preview the return by following these steps:
- In the black bar at the left side of your screen, click on TaxTools > Print Center
- On the TurboTax Print Center screen, click Print, save or preview this year's return.
- Mark the box(es) for your federal and/or state return.
- In the next section, select Include government and TurboTax worksheets (optional)
- Click on the View or print forms box.
- When the print screen comes up you can select the pages to be reviewed/printed.
March 5, 2021
1:45 PM