I am self-employed and paid estimated State and Local NY taxes (incl UBT). After completing Federal form, TurboTax said the Standard deduction was the best choice. I just want to confirm that "0" is the correct number for "Business Income or UBT Taxes Deducted on Federal Return". Since I am using the "Standard deduction" on the Federal form, there were no State or Local (incl UBT) taxes deducted on the Federal return.
Am I interpreting that correctly?
Thanks.
