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Get your taxes done using TurboTax
Hi Dmertz,
you quote:
"If you are self -employed, perhaps you do not have any QBI after subtracting the deductible portion of SE taxes, SE retirement contributions and the SE health insurance deduction."
I am a sole proprietor with less than 157k biz income and TT shows my 1040 as follows:
line 6: 66,862.
line 7: 39,598.
line 8: 29,013.
line 9:
line 10 10,585.
I am seeing NO entry in 1040 line 9 - I didnt realize the 199A deduction was limited by anything?
I enter 541519 (computer services) as my biz classification which should qualify for 199A?
Any suggestons and/or is there a worksheet or reference where i can manually double check this?
thx in advance
‎October 13, 2019
9:45 PM