Calculating QBI for Schedule C income
Calculate the qualified business income (QBI) deduction for income deriving from Schedule C. [CC]
Other videos in this category:
Enter expenses related to child and dependent care on Screen 2 and Screen 2441 for each dependent for whom expenses were incurred.
Drake Tax automatically generates estimated tax payment vouchers for federal returns without requiring any data entry. [CC]
If a taxpayer received a coronavirus-related distribution in 2020 and that amount was entered in Drake Tax 2020, information from the 2020 return will update to 2021. If not, enter the 2020 information on the 915F screen in Drake Tax 2021.