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How do you take the 20% self-employed pass through deduction using Turbotax Premier?
When I first started entering information on my wife's self-employment business, Turbotax Premier prompted me to consider her business as a pass through entity which would allow the 20% earnings deduction on taxable income. I did not choose this option, as I felt I could go back to it after I read more on this deduction. However, I can't seem to find the option for claiming this deduction after I decided her business is a "pass through' business that is not excluded from this deduction (She has an after school teaching program, and only makes about $7,000 a year).
Could anyone tell me how to approach claiming this deduction in Turbotax Premier?
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‎June 1, 2019
11:00 AM