topic I have no qualified business income. Why does Turbo Tax show a $68 qualified business income deduction on top of the standard deduction?. in Business & farm

I have no qualified business income. Why does Turbo Tax show a $68 qualified business income deduction on top of the standard deduction?.

henryblinder1 — Wed, 28 Jan 2026 06:00:55 GMT

Re: I have no qualified business income. Why does Turbo Tax show a $68 qualified business income deduction on top of the standard deduction?.

VolvoGirl — Fri, 31 Jan 2025 19:10:01 GMT

Did you get any 1099 DIV dividends with an amount in box 5? Like about $340? Then you should have a Qualified Business Income Deduction Summary . You get 20% deduction. $340 x .20 = $68.

Re: I have no qualified business income. Why does Turbo Tax show a $68 qualified business income deduction on top of the standard deduction?.

henryblinder1 — Fri, 31 Jan 2025 19:14:56 GMT

Excellent, Volvo Girl! That answers the question fully. Thanks.