ritz5
New Member

how do i enter scorp 20% reduction in income in turbo tax deluxe

how do i enter scorp 20% reduction in income in turbo tax deluxe for both federal and state? I read through the instructions, I know that I am eligible to reduce my income by 20% so I took the number from my K1 and VK1 (state) and reduced it by 20% and manually updated the numbers in turbo tax deluxe. Is that correct?