Do you manually deduct UBT and MCMT from Federal Schedule C after filling out NY state return? Turbotax doesn't automatically do this?
02506
2 Replies
ee-ea
Level 15
May 14, 2021 3:11:23 PM
Enter on Line 23 Taxes and licenses . . . .
Use the amounts from the 2020 filings.
urbotax_user
Returning Member
May 14, 2021 3:13:58 PM
If you manually enter it in schedule C, it seems to change the amount of UBT later and becomes a recursive cycle. I thought TurboTax would be able to figure this out automatically?