Solved: I'm using Home and Business// entered all info from 1099 and K-1// retired no W2// There is an entry on 1040 line 9// Where did this come from?
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ghkatzman
New Member

I'm using Home and Business// entered all info from 1099 and K-1// retired no W2// There is an entry on 1040 line 9// Where did this come from?

 
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DanaB
Intuit Alumni

I'm using Home and Business// entered all info from 1099 and K-1// retired no W2// There is an entry on 1040 line 9// Where did this come from?

Line 9 is the "Qualified Business Income (QBI) deduction". This new deduction applies to Schedule C filers (sole proprietorships and other self-employed businesses), LLCs, partnerships, S corporations, estates, and trusts. If you had any type of this income TurboTax automatically this calculates this deduction. Please see this FAQ for more information: 

https://ttlc.intuit.com/replies/7019998

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DanaB
Intuit Alumni

I'm using Home and Business// entered all info from 1099 and K-1// retired no W2// There is an entry on 1040 line 9// Where did this come from?

Line 9 is the "Qualified Business Income (QBI) deduction". This new deduction applies to Schedule C filers (sole proprietorships and other self-employed businesses), LLCs, partnerships, S corporations, estates, and trusts. If you had any type of this income TurboTax automatically this calculates this deduction. Please see this FAQ for more information: 

https://ttlc.intuit.com/replies/7019998

View solution in original post

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