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Deductions & credits
Thanks Mike9241 for the comment, which is basically the same as the response from ChatGPT. The issue I am facing now is that the calculated QBI shown in line 1 in Form 8995 is much lower than my business net income in schedule C (about 100k less), and I cannot figure out how Turbobox derives it. The QBI component ws in Turbobox shows the QBI and UBAI. But, it does not show how the QBI and UBAI are calculated.
March 15, 2025
12:23 PM