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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?
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‎June 4, 2019
2:55 PM