Deductions & credits

Please follow the step-by-step instructions below:

1. Navigate to your Schedule C. 
2. Click Add expenses for this work.
3. Scroll down to Less Common. 
4. Put a checkmark next to Employee pension plan startup costs and click Continue.
5. Click Edit (pencil) next to the expense category and enter the information.
6. Continue through the screens until you get to the screen, We need a little more information about your employee pension plan startup costs.
7. Answer the questions accordingly (see example below).
8. Answer yes to the question, Is your pension plan qualified for the Pension Startup Credit? 
9. Next, go into Other Business Credits ----> Pension Plans - Startup Costs, Auto-Enrollment, and Military Spouse Participation Credits as directed previously. 
10. Your credit should be automatically calculated on the screen Credit for Small Employer Pension Plan.

If you are having an issue getting into your Schedule C and adjusting or adding expenses, I would suggest deleting your Schedule C and starting over. To do so, please click on Tax Tools on the left hand side, then click on Tools. In the Tools Center, click on Delete a form. Scroll down to Schedule C and click Delete. 

@lac528