PatriciaV
Expert Alumni

Deductions & credits

In TurboTax Home & Business, open your return and go to Business >> Business Income and Expenses >> "I'll choose what I work on."

  1. Start/Update Profit or Loss from Business.
  2. Edit the business you need to work on.
  3. Under Business Expenses, Start/Update Other Common Business Expenses.
  4. Start/Update Employee Expenses.
  5. Start/Update Pension Plan Startup Costs.
  6. Enter "Pension Plan Startup Costs" in the description box and enter the amount.
  7. On the next page, check the "yes" box under "Did you provide an auto-enrollment option for retirement savings?"
  8. On the page, "Is your pension plan qualified for the Pension Startup Credit?" check the "Yes" button.
  9. The resulting message indicates you must go to Less Common Business Situations >> Business Credits >> Pension Plan Startup Costs to complete this credit.

@MollyShr 

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