Using TT H+B Software, how should I deduct NYC UBT and MCTMT from my schedule C without it being deducted inappropriately from my state taxes?

[alexnyu10]

It does not automatically do this. Currently I have entered in the estimated 2023 UBT tax payments I already made, but this does not automatically transfer to the federal schedule C expenses for 2023. I manually enter this in as a “taxes and licenses” expense? If I do this, how do I adjust the local portion? 

Looking for guidance on using turbo tax software to properly deduct NYC’s UBT and MCTMT taxes I paid in 2023 from my 2023 tax return. Thank you so much! 

[AmyC]

Follow these steps:

1. In the NY return, go through answering questions until you reach the screen Changes to Federal Income.
2. Scroll down to Business related adjustments
3. Select UBT and enter the amount deducted from business income for the federal return
4. Select MCTMT and enter the amount deducted on your federal return