Ok Great. So then, how does one enter this into Turbo Tax Self Employed??????? When I enter it into the allotted screen, only half is recognized and deducted...leaving me with about a $30k tax liability for what is supposed to be a pretax deduction AND throwing me into a penalty for underpaying on estimated quarterly payments. AND IT HAS BEEN FIVE DAYS WITH NO CALLBACK FROM TURBOTAX AND NO I HAVEN'T MISSED A CALL FROM THEM!!!
