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Get your taxes done using TurboTax
Ok I think I found the problem on form 8995.
Form 8995
Field 10 qualified business income shows the correct amount. 20% of income for example 3,700
Field 11 taxable income before qualified business deduction. A very low number, example 300.
My question is Field 11. Is very low and I don't know why. It should be 20% of 3,700? Turbo tax instead is giving me only a QBI of 20% of Field 11. Not Field 10.
‎February 3, 2021
11:30 AM