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Deductions & credits
Thanks for the info. I guess in turbotax if doesn't appear that the taxable income is reduced - its indicating the reported DD earnings x .9235 on schedule SE and then calculating the tax owed of 12.4% + 2.9%. There is no reduction of this tax amount owed for the standard deduction or mileage expense. Perhaps I have entered something incorrectly.
‎February 13, 2022
10:24 AM