Retirement

[NEYankee]

I have entered the retirement contributions for my wife and myself (both self-employed) totalling $16k.  But the Self_emplyment Retirement entry says over $40K.    No sure where that amount came from

[KurtL1]

I am unable to see your return to adequately answer your question. An agent needs to look at the entries to be able to see where the $40,000 is coming from.

To have an Agent look at your return with an Offline Review to answer your question or to schedule a time to talk to an Agent with a Live Review see What is TurboTax Live? - Community.

[NEYankee]

Thanks- not sure myself- but I started from scratch and it worked out.  Another question- I entered info for aQBI deduction, but after looking into it in more detail I don't  think we qualify.  How do I change it?  I can only get the screen that gives the calculations

[DanaB27]

Please follow the steps below to review the question for QBI to verify if you qualify:

1. Login to your TurboTax Account 
2. Click "Federal" from the left side of your screen
3. Scroll down and click "Edit/Add" next to "Self-employment income and expenses" 
4. On the "Your 2019 self-employed work summary" screen click "Edit" 
5. Scroll down to " Qualified Business Income" and click on "Details"

Please see What is the Qualified Business Income (QBI) deduction? for additional information.

@ NEYankee