JamesG1
Expert Alumni

Self employed

Do you have more than one activity subject to the Qualified Business Income Deduction?  If so,

 

  • Line 5b is the total deduction on the tax return.
  • Line 5c is the deduction allocated to this income activity.

The Qualified Business Income Deduction is computed on IRS form 8995 or IRS form 8995-A Qualified Business Income Deduction. 

 

In the online versions, you may view or print at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets after you have paid for the software.

 

In the Desktop versions, one can look at the tax return by clicking FORMS, or by viewing the PDF through the Print Center.

 

As Bsch4477 states, one half of the self-employment tax computed on Schedule SE will is deducted from self-employment income in the calculation of the Qualified Business Income on IRS form 8995 or 8995-A.

 

[Edited 3/19/2023 | 12:44 pm PST]

 

@azerole 

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