I reviewed your file and I discovered why you weren't receiving a QBI deduction.
- Your net income for the business was $5955, which is reported on line 10 of your Schedule 1.
- Your health insurance premiums for the year are not reported as expenses as part of the $5955 calculation. They are accounted for separately on line 17 of Schedule 1.
- Additionally, $421 is reported on Line 15 of Schedule 1, which is the deductible part of self-employment tax.
- Even though the health insurance premiums and the deductible part of self employment tax are accounted for separately, they are still considered part of the calculation of QBI.
Now your qualified income for QBI considerations is.
Income for the year $5995
Minus Health Premiums - 5534
Deductible SE Tax - 421
0
You had no taxable income for the year to claim QBI. To test to see if the program worked correctly, I removed one of the health insurance premiums entries you paid during the year and when i did that, a small amount of QBI appeared in your return on Line 13 of the 1040.
@jtkbau
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