topic Re: QBI Deduction in Get your taxes done using TurboTax

QBI Deduction

DavidA — Thu, 06 Feb 2020 21:21:39 GMT

I qualify for a QBI deduction. I am filing married filling jointly. Both my QBI as determined by TurboTax, and my taxable income, are way below the amount to even start phasing out the deduction, and yet it shows me getting a lesser amount due to income limitations. Why would that be?

Re: QBI Deduction

MarilynG1 — Thu, 06 Feb 2020 21:46:11 GMT

When you Print or View your return, look for the QBI Worksheet.

Click this link for detailed info that may help you with your QBI Deduction calculations.

Re: QBI Deduction

DavidA — Thu, 06 Feb 2020 22:00:52 GMT

Thank you!

Re: QBI Deduction

MarilynG1 — Thu, 06 Feb 2020 22:34:02 GMT

My pleasure!

Re: QBI Deduction

ironmike64 — Tue, 18 Feb 2020 21:08:59 GMT

How is QBI(REIT) determined. Don't see how value is determined in turbo tax.