the new tax law added a provision allowing sole proprietors and similar entities to take a deduction for 20% of their qualified business income. I don't see where the current version of turbotax takes that into account.
You'll need to sign in or create an account to connect with an expert.
This is a provision for next year. Thus, you will see the difference on your 2018 tax return next year. For a review of all of the tax provisions, please see this website (click on link): Summary
of Tax Act Provisions
This is a provision for next year. Thus, you will see the difference on your 2018 tax return next year. For a review of all of the tax provisions, please see this website (click on link): Summary
of Tax Act Provisions
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Nickstax15
New Member
805492
New Member
mickowitz
New Member
asmits50
New Member
melissaproffitt
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.