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Business & farm
Both Kris and Critter are correct - you can take a QBI deduction with either the standard deduction or the itemized deductions. Make sure you have completed the Personal Info section in TurboTax and that you have entered you and your spouse's information and your filing status is Married Filing Jointly. Then use these instructions to choose the standard deduction. Choose the TurboTax CD/Download instructions.
Then go to Forms (in the upper-right corner) and look at your Form 1040 and see what the amount is on Line #9. Your QBI deduction will be on Line #10 and the amount should be $3K no matter which deduction (standard or itemized) you have on LIne 9.
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March 10, 2020
3:13 PM
1,321 Views