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Deductions & credits
Sorry, I was not very clear with my question. Here is the problem I am having:
In Turbo Tax "Business Income and Expense" Section, there is a sub section "Business Expense" where I Turbo Tax is showing $5000 deduction and when I complete the Business Income and Expense section Turbo Tax says "Congratulation you get $5000 deduction". However nothing is getting deducted from my Federal tax return and when it shows me the 2020 Business Income deduction the amount is 0. So, I do not understand what is going on?
Does this make sense?
‎April 28, 2021
11:28 AM