LLC taxes help. | Turbo Tax Business | Qualified Business Income
Hello
I am using TurboTax (TT) for my LLC taxes this year. SInce I am not an expert I am comparing my print with last years return which was done by by CPA.
The difference seems like a problem with the software.
Last year my return had the business as Principal Business Activity = "Publishing"
But TT list of options is missing Publishing so I am selecting OTHER SERVICES.
I am not sure if this is why the flow is then asking me for a new form I don't see in last year's return.
Under Federal Taxes. I see a Qualified Business Income Deduction.
First, I have no income this year. Second, I am selecting the NO option on the next screen for No, this income is not qualified.
The next screen asked if the income was received from specific services.
As I said, there is no income. So, I am selecting NO.
Then the next screen continues on the same flow asking me for the Qualified Business Income (which I have already stated I had none). I am asked to enter an amount.
Is this a software error?
Thanks for your help