If you do not see the QBI, check if:
The QBI deduction may be zero if your Total Taxable Income is zero. Even though you have $29,000 in business profit, the QBI deduction is calculated as the lesser of:
- 20% of your Qualified Business Income, OR
- 20% of your Total Taxable Income (minus capital gains).
For the 2025 tax year, the Standard Deduction for married couples rose to $31,500. If your total income (Business + W-2s) minus deductions falls below zero, there is no "Taxable Income" to apply the 20% deduction against.
OR
TurboTax must aggregate all your businesses to calculate QBI. If you had businesses with losses, they must first offset the income before QBI is applied.
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