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Returning Member
posted May 14, 2021 2:12:23 PM

Do you manually deduct UBT and MCMT from Federal Schedule C after filling out NY state return? Turbotax doesn't automatically do this?

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2 Replies
Level 15
May 14, 2021 3:11:23 PM

Enter on  Line 23 Taxes and licenses . . . .

Use the amounts from the 2020 filings.

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?