shanecw9
Returning Member

Get your taxes done using TurboTax

I'm having a similar issue using Turbo Tax Business. I qualify for QBI deduction (taxable QBI income falls below the 2019 IRS threshold; I used TT Business in 2018 and qualified for QBI deduction) but this year TT software isn't calculating the deduction. I get it the 8895-A form isn't released by the IRS until 2/20/2020. But shouldn't TT be calculating the QBI, at least indicating that I do/don't qualify, calculating the deduction on the K-1 or notifying to wait for the 8895-A form? Right now the TT program isn't saying anything. It just isn't calculating the QBI deduction without indication why. I've called the customer support line multiple times and got told it appears there's a programming error but no definitive resolution yet. Is there a programming error or missing update for TT Business? Pls assist.