DMIDave
New Member

QBI Deduction

This year Turbo Tax is returning a zero QBI deduction vs the 20% deduction in 2019   married & Joint both years

Related facts    2019       2020

AGI                     289K       246K

from Sub S KI

  income             71K          25K

  salaries              98K        102K

turbo tax caclulated

  QBI decuct        14K        zero     

both years active participant and at risk

 

The turbotax "Qualified Business Income Component Worksheet" brings forward a -18 QBI and the 102K Wages ....   any thoughts on how TT calculates the -18 QBI?