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Retirement tax questions
In Forms view: Schedule C | Profit Loss From Business (Sole Proprietorship).
First question under Name of Proprietor and SSN, "Is this activity a qualified trade or business under Section 199A?" It has a Yes and No select option. TT Step-by-Step was automatically selecting Yes; once I selected NO in Forms view, the qualified coop payment error was resolved. I researched Section 199A confirming my business did not qualify under Section 199A. Cheers!
March 30, 2020
1:28 PM