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Deductions & credits
If you weren't entitled to the QBI deduction but the return you filed had the deduction on it, then you should wait awhile for the IRS to process your tax return. If you had a refund, they will adjust the refund if they catch the error. If you sent a payment, they will process it in full and send you a refund within a couple weeks or so from when they process the return.
If the IRS corrects the error, then you don't need to do anything further. Otherwise, you can prepare an amended return in TurboTax for no additional charge to correct the error.
The return is not due until July 15, 2020, so you would have until that time to pay the tax due without incurring any penalties or interest.
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March 31, 2020
1:06 PM