Triva isn't available right now.
Check out the support page for our phone number and hours
Legal
Recommended Products
-
Westlaw
Conduct legal research efficiently and confidently using trusted content, proprietary editorial enhancements, and advanced technology.
-
Practical Law
Fast track case onboarding and practice with confidence. Tap into a team of experts who create and maintain timely, reliable, and accurate resources so you can jumpstart your work.
-
HighQ
A business management tool for legal professionals that automates workflow. Simplify project management, increase profits, and improve client satisfaction.
Questions? We are here to help
Tax & Accounting
Recommended Products
-
Checkpoint Edge
A powerful tax and accounting research tool. Get more accurate and efficient results with the power of AI, cognitive computing, and machine learning.
-
UltraTax CS
Provides a full line of federal, state, and local programs. Save time with tax planning, preparation, and compliance.
-
SurePrep 1040SCAN
Automate workpaper preparation and eliminate data entry
Questions? We are here to help
Trade & Supply
Recommended Products
-
Foreign Trade Zone Management
Software that keeps supply chain data in one central location. Optimize operations, connect with external partners, create reports and keep inventory accurate.
-
Indirect Tax
Automate sales and use tax, GST, and VAT compliance. Consolidate multiple country-specific spreadsheets into a single, customizable solution and improve tax filing and return accuracy.
Questions? We are here to help
Risk & Fraud
Recommended Products
-
CLEAR
Search volumes of data with intuitive navigation and simple filtering parameters. Prevent, detect, and investigate crime.
-
Fraud Detect
Identify patterns of potentially fraudulent behavior with actionable analytics and protect resources and program integrity.
-
ID Risk Analytics
Analyze data to detect, prevent, and mitigate fraud. Focus investigation resources on the highest risks and protect programs by reducing improper payments.
Questions? We are here to help
News & Media
Recommended Products
-
Reuters Connect
Around the globe, with unmatched speed and scale, Reuters Connect gives you the power to serve your audiences in a whole new way.
-
Reuters Plus - Content Studio
Reuters Plus, the commercial content studio at the heart of Reuters, builds campaign content that helps you to connect with your audiences in meaningful and hyper-targeted ways.
-
Reuters.com Platform
Reuters.com provides readers with a rich, immersive multimedia experience when accessing the latest fast-moving global news and in-depth reporting.
Questions? We are here to help
Books
Recommended Products
-
What's new in legal products
Shop our latest titles
-
Shop tax customer favorites
ProView Quickfinder favorite libraries
Questions? We are here to help
Developers
-
APIs by industry
-
Related sites
-
United States Support
-
International support
-
New releases
-
Join a TR community
-
Free trials & demos
Self-employment-related deductions from qualified business income
When the income used to calculate the deduction is related to the qualified business, UltraTax CS includes the following deductions for adjusted gross income in the calculation of qualified business income.
Deductible part of self-employment tax
- For Schedule C and F businesses with self-employment income taxes, the application applies the portion of the activity's self-employed income to total self-employed income to the total on Schedule SE, line 6 — deduction for one-half of self-employment tax.
- For Partnership activities, UltraTax CS calculates the activities portion of total self-employment income using theK1-4screen, net earnings (loss) from self-employment amount less partnership-related reductions, and theK1-2screen, Guaranteed payments amount.noteFor a detailed list of partnership-related deductions, refer to the Net Earnings from Self-Employment Worksheet.
Self-employed SEP, SIMPLE, and qualified plans
This deduction uses the amount computed on the Keough/SEP/SIMPLE Worksheet for each qualified business. For partnerships, the portion of the deduction related to income from guaranteed payments isn't included.
Self-employed health insurance deduction
This deduction uses the amount computed on the Self-Employed Health Insurance Deduction Worksheet for each qualified business. For partnerships, the portion of the deduction related to income from guaranteed payments isn't included.