I'm using TT for the first time to do my taxes. I'm a musician in two working bands. Both are LLCs. My income share from one is 20000 and 23000 from the other. I also have income from lessons of 16000. Single, standard deduction. No retirement, no insurance deduction.
My income for '19 is about 10% more than '18 although the ratios are about the same; LLC:Lessons. The CPA who did my return last year calculated the QBI at 6700; TT is giving me 3000 this year. That seems very wrong to me; it ought to be higher. Where in TT am I going wrong? If QBI is 20%, it seems like TT is giving me credit for my lessons income but not the LLCs. Thanks.
