TTT
Level 2
03-26-2021
06:15 PM
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Other Software uses Clergy Wksht1 to calculate Percentage of tax free income. Then it uses that percentage calculate deduction allowed on worksheet2.
In this case, I got line 6 in wksh1 = 19%
Then other Expenses on sch C would be allowed only 81% to deduct (19% is not allowed to deduct)
To calculate ln7 on wksht2 you must use line6 from wksht1 x expense.
ln7-wkst2 = expense-(expense * ln6-wksht1)
But Proseries uses all 100% to use as deductible expenses. And I try to check wksh1 and 2 from , Proseries, but I cannot found that wksht.