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Get your taxes done using TurboTax
Follow the TurboTax interview questions for each of your Schedule C businesses, and TurboTax will complete the Form 8995 with the correct amounts.
Generally, your Qualified Business Income (QBI) deduction is 20% of your Schedule C business income minus your self-employed health insurance deduction and one-half of your SE tax.
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‎April 22, 2020
2:48 PM