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Get your taxes done using TurboTax
I have the same question (I think) for the 2022 tax year -- the screens all appear to be identical, and I do have QBI income. My question is how is the QBI calculated for these 3 periods? I can't seem to find this info anywhere. Is there a specific percentage of the AGI (less 1/2 of the Self-Employment Tax for the period) that should be used here? I looked at the forms, but my preference would be to simply input into the TurboTax environment, and have it place it within the appropriate buckets. And if it is a formula or percentage, why can't TurboTax handle that? Thanks in advance for any help.
‎February 11, 2023
4:13 PM
955 Views