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Get your taxes done using TurboTax
This worked! I was able to see the QBI deduction and how it was calculated by viewing the tax summary and going to "Preview My 1040". I was able to see the Standard deduction 12,400 plus the QBI deduction which was 20% of total business income.
You can review the 1040 in TurboTax Online by following these directions.
- Down the left side of the screen, click on Tax Tools.
- Click on Tools.
- Under Other helpful links, click on View Tax Summary.
- Down the left side of the screen, click on Preview My 1040 to see the actual tax return that you prepared.
- Down the left side of the screen, click Back to return.
You can print or view your full tax returns prior to filing after you have paid for the software.
See also this IRS Publication.
‎June 4, 2021
9:02 AM