I think Turbotax may have a bust in its calculations with regards to small business deductions. It is allowing me to deduct both medical premiums and traditional IRA's contributions against the same small income amount such that my taxes are being reduced by more than my marginal tax rate of 24% (actually 48% against the small income amount which is less than both the premiums & IRA contributions total). Seems like it should flag one or other deduction as exceeding the income limits os it would not double-dip). Anyone else run into this?
