opraman
New Member

Business & farm

Just to confirm.  When taking the pass-through deduction, this is after all deductions on the schedule C which is your net profit? For example, if my net profit is $9500 after deductions, the pass-through deduction would be $1,900 which is 20%?  Is this correct?  Also, I file joint and my wife is a w2 employee.  Do I just calculate this off of my schedule C income for my business and then move the amount for that deduction to the 1040?