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Business & farm
Dear David,
Thanks for the answer. It was very helpful. I found out that line 10 did, in fact, include the QBI deduction. The problem was how TurboTax informed me of the deduction. A window popped up at the very end of the federal return process congratulating me for qualifying for a several-thousand-dollar deduction, but nothing changed. I now know that this is because Turbo-Tax had already computed in the deduction several steps earlier. If you have any influence with the Tubo-Tax folks, please suggest to them that they inform users of the deduction in a way that informs them that the amount due has been calculated with the QBI deduction already factored in.
Thanks again!!
May 21, 2020
2:06 PM