https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-can-i-see-the-amount-of-the-qbi-deduction-on-the-turbotax-platform-i-can-t-see-any-indication/01/175983#M23541 Sat, 01 Jun 2019 15:44:59 GMT Morty206 2019-06-01T15:44:59Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-can-i-see-the-amount-of-the-qbi-deduction-on-the-turbotax-platform-i-can-t-see-any-indication/01/175983#M23541 Sat, 01 Jun 2019 15:44:59 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-can-i-see-the-amount-of-the-qbi-deduction-on-the-turbotax-platform-i-can-t-see-any-indication/01/175983#M23541 Morty206 2019-06-01T15:44:59Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-qbi-deduction-will-be-reported-on-line-9-of-your-1040/01/175994#M23542 <P>The QBI deduction will be reported on line 9 of your 1040 form.&nbsp;&nbsp; See the FAQ below for how to preview your 1040 form in TurboTax.</P><P>The QBI deduction is a calculation that is done behind the scenes so there is not a separate section for it in TurboTax.&nbsp; If you have any Schedule C, E, F or K1 income reported on your return, then any of that qualified business income will be included in the deduction calculation.&nbsp; In addition, if you have any dividend income from a REIT, then those dividends are included as part of the qualified business income. <BR /></P><P>But, there are income thresholds where income from&nbsp; certain type of businesses (specified service or trade businesses) gets phased out of the calculation. <BR /></P><P> </P><P>Per the IRS recently released&nbsp;<A rel="nofollow" href="https://www.irs.gov/pub/irs-drop/n-19-07.pdf" target="_blank">Notice 2019-07,</A> the following is a definition of the income included in the QBI deduction calculation:&nbsp; </P> <BLOCKQUOTE> <P>Congress enacted section 199A (the Qualified Business Income Deduction) to provide a deduction to non-corporate taxpayers of up to 20 percent of the taxpayer’s qualified business income from each of the taxpayer’s qualified trades or businesses, including those operated through a partnership, LLC, S corporation, or sole proprietorship, as well as a deduction of up to 20 percent of aggregate real estate investment trust (REIT) dividends and qualified publicly traded partnership income. </P> </BLOCKQUOTE><P>How to preview your 1040 form before filing:</P><P> <A href="https://ttlc.intuit.com/replies/3302322" target="_blank">https://ttlc.intuit.com/replies/3302322</A> <BR /> </P><BR /><BR /> Sat, 01 Jun 2019 15:45:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-qbi-deduction-will-be-reported-on-line-9-of-your-1040/01/175994#M23542 JulieCo 2019-06-01T15:45:01Z