JamesG1
Expert Alumni

Get your taxes done using TurboTax

The qualified business income calculations take place on IRS form 8995 or 8995-A.

  

The amount of $964 instead of $1,240 may be attributed to two possibilities.

 

Necessary and ordinary expenses were claimed against the self-employment income on Schedule C Profit and Loss From Business.

 

Qualified business income is not the Schedule C Profit and Loss From Business profit.   Qualified business income is Schedule C Profit and Loss From Business profit less the Schedule SE Self-Employment Tax.

 

View the tax forms.

 

In the online versions, you may view or print at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets after you have paid for the software.

 

In the Desktop versions, one can look at the tax return by clicking FORMS, or by viewing the PDF through the Print Center.

 

@Sta2ned 

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