dmertz
Level 15

Deductions & credits


@jenfeldmann wrote:

The IRA Deduction Worksheet, Line 2 earned income for self employment.

Turbotax does not reduce this by the self employed insurance deduction which is on Schedule 1 Line 17.


That's correct.  It's not supposed to.  The deduction for self-employed health insurance is a personal deduction, not a business deduction.  See What Is Compensation in IRS Pub 590-A:

https://www.irs.gov/publications/p590a#en_US_2021_publink1000230359

 

QBI is calculated differently.

 

@JosephS1 , there is no bug.