Calculating QBI for Schedule C income
Calculate the qualified business income (QBI) deduction for income deriving from Schedule C. [CC]
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Track excess Charitable Contributions to carry forward. [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.
Learn how to enter expenses for automobiles used in trade or business.