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Get your taxes done using TurboTax
You may be seeing QBI (Qualified Business Income) if you have Sch C income or any other type of business income on your return. QBI is a deduction for individuals with business income. It's 20% of the net business income for the year. So if you had any kind of business income, you will likely have some QBI calculations on your tax return.
Here are some helpful links that talk more about QBI:
- What's the Qualified Business Income (QBI) deduction?
- Surprised that you're getting the Qualified Business Income (QBI) deduction?
- Can I get the QBI deduction on rental income?
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