santo
New Member

Why the software did not calculate 20% business income deduction from my K-1

I am using turbo tax home & business software & reported via a K-1 my small business income. 

Question: why did not the software automatically calculate the 20% deduction on the income.  I had to learn via other customers that you needed to check the # 20 box for the software to calculate.   I did not see that instruction anywhere.

Where did I go wrong in entering K-1 sm. business income or does your software have a problem?