gfpstaxes
Level 4
02-28-2023
11:59 AM
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Why is the line 1c different from line 31 of the only Schedule C on a return?
The amount on line 31 of Schedule C is $2,177
and line 1C of the 8995 is $2,023
Why the difference? How is that calculated?
Thanks, Ky
Best Answer Click here
pamdory
Level 8
02-28-2023
12:07 PM
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Income for the QBI calculation has been reduced by the deduction for one half of self-employment tax.