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Business & farm
QBI is new as of 2018. You qualify if you have a business.
The QBI form has not yet been released by the IRS. It is expected to be released on February 5, 2020. Once it is released, Turbo Tax will incorporate it quickly and you will be able to finish your return. Great catch!
To check on the status, you can follow this link. QBI is near the bottom.
Q1. What is the Qualified Business Income Deduction?
A1. Section 199A of the Internal Revenue Code provides many taxpayers a deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity. The deduction has two components.
Q2. Who may take the section 199A deduction?
A2. Individuals, trusts and estates with qualified business income, qualified REIT dividends or qualified PTP income may qualify for the deduction. In some cases, patrons of horticultural or agricultural cooperatives may be required to reduce their deduction