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Schedule C QBI deduction is not showing
Why doesn't TurboTax produce a QBI deduction from my Schedule C if I have $834 Net Income? I selected the Yes box where it asks, "Is this Qualified Business Income"? Last year this same Schedule C business produced a QBI deduction. This year it shows $0 on my Qualified Business Income Component Worksheet. Not sure if it matters, but I did have K-1 business income this year that DID produce a QBI deduction (last year that K1 was a loss). Is the QBI for only one business or the other?
‎April 10, 2021
12:27 PM