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Investors & landlords
The IRS is late finalizing regulations pertaining to rental and business income, especially with regards to qualified business income (QBI) deductions, so TurboTax has not been able to update the program to account for this. The necessary updates should be available by the first week in February, however.
You will have to wait until the updates are available to complete your return. Once they are available, your calculations will process properly without any additional action on your part if you use the online version of TurboTax. If you use the desktop version, you will have to perform the updates in your program first.
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‎January 27, 2020
5:59 PM