topic QBI in Get your taxes done using TurboTax

QBI

TEDNYS — Tue, 24 Feb 2026 04:54:34 GMT

I'm a sole proprietor filing a Schedule C in TurboTax Deluxe. I'm trying to figure out why QBI calculation says my Taxable Income is only $40. If that were true, I wouldn't need to file a tax return. Anyone else experiencing this issue?

Re: QBI

Mike9241 — Sun, 16 Apr 2023 03:29:24 GMT

maybe it's income for the QBI deduction form 8995 computation. Schedule C income is reduced by 1/2 the SE tax, self-employed health insurance deduction and retirement plan contributions to arrive at QBI. if you have pass thru entities perhaps they have QBI losses that would offset the schedule C

Re: QBI

TEDNYS — Tue, 18 Apr 2023 17:40:00 GMT

Thank you!

Re: QBI

TEDNYS — Tue, 18 Apr 2023 17:40:28 GMT

Very much appreciated!