Business & farm

The small business tax deduction, also known as the qualified business income or QBI deduction, shows up as a credit on Line 10 of Form 1040. If Line 10 does not have an amount, your QBI source (e.g., Schedule C, Schedule K-1, or Schedule E) may not have net income for the year.  You can qualify for the QBI deduction, but if you have a loss you don't get a deduction in the current year.

Check Line 10 on your Form 1040 in TurboTax using these steps:

1.    Click the dropdown arrow nest to Tax Tools (on the left pane)

2.    Click Tools (just below Tax Tools on left pane)

3.    In the pop-up window click View Tax Summary

4.    On the left pane click Preview my 1040 to review your Form 1040, Line 10

To return to the TurboTax interview questions, click "Back" on the left pane.

If that doesn't resolve your question, you can open a PDF of your tax return with the worksheets, and find Form 8995/8995-A, the QBI Component worksheet, and the Section 199A Smart Worksheet on the source form for your QBI (Schedule C, Schedule K-1, Schedule E).  You should be able to "walk" your QBI calculation from the source form, to the QBI Component worksheet, to the Form 8995/8995-A.

Here's how to find the PDF of your current year tax return:

1. If you're not already in your return, sign in and open or continue your return.
2. Select the dropdown arrow next to Tax Tools and then Print Center from the left menu.
3. Select the first option, Print, save, or preview this year's return and follow any additional instructions.  You'll want the version with the worksheets.
4. If you haven't paid your TurboTax fees yet, you'll have to do so to create the PDF.