Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

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Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

The QBI deduction can be limited by taxable income, so a deductible IRA contribution can reduce taxable income such that the QBI deduction is reduced.

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Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

@Mike9241

Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

The QBI deduction can be limited by taxable income, so a deductible IRA contribution can reduce taxable income such that the QBI deduction is reduced.

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Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

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Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

Should not reduce QBI when an IRA contribution is made. Failure of Turbo Tax or is there another reason?

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