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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.
‎February 16, 2023
5:18 AM