ThomasM125
Employee Tax Expert

Get your taxes done using TurboTax

The QBI deduction would appear on Form 1040, line 13(a), it would not appear on your business schedule C. In it's simplest form, it is 20% of your business net income, but it can be reduced by many factors including your taxable income, QBI loss carryovers from previous years, retirement plan contributions and other things. When you complete your return and pay for the program, you can see your forms and then look on Form 8995 to see how your QBI deduction is being calculated.

 

To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done
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