Business & farm
@Ralevacy wrote:Does Turbo Tax take this into consideration when I file and do I get that effective rate as a single member LLC or is there something different I have to do?
This is actually a 20% deduction and there are a few limitations (see link below).
With respect to your input, you simply need to proceed through the Step-by-Step screens (see screenshot below for the first screen) and TurboTax will calculate the deduction for you.
