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sdegive
New Member

QBI -- why is TurboTax not including all my Schedule C Net Income as QBI income?

 
1 Best answer

Accepted Solutions
JakailaLO
Expert Alumni

QBI -- why is TurboTax not including all my Schedule C Net Income as QBI income?

There is a known bug affecting the calculation of the QBI deduction. It is supposed to be fixed by March 22. See the FAQ at the following link for more details. https://ttlc.intuit.com/replies/7300401

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3 Replies
JakailaLO
Expert Alumni

QBI -- why is TurboTax not including all my Schedule C Net Income as QBI income?

There is a known bug affecting the calculation of the QBI deduction. It is supposed to be fixed by March 22. See the FAQ at the following link for more details. https://ttlc.intuit.com/replies/7300401

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

sdl2020
Level 1

QBI -- why is TurboTax not including all my Schedule C Net Income as QBI income?

March 28 and no fix to this bug. Any suggestions, TurboTax? 

sdl2020
Level 1

QBI -- why is TurboTax not including all my Schedule C Net Income as QBI income?

Thanks to some very patient help from TurboTax advisor Aaron, sorted this out: maximizing SEP means no funds left for QBI. TurboTax was correct. 

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