I understand with the new tax laws that there is a 20% tax deduction for self-employed filers. Where will I see this on my forms? Which forms?

[JulieCo · Accepted solution]

The Qualified Business Income Deduction will be calculated once all of your income tax data has been entered into your return. 

If you do have a deduction, this will be reflected on line 9 of your 1040 return. 

TurboTax also uses Qualified Business Income Deduction worksheets in the software which are created from data you enter in order to determine and calculate the Qualified Business Income Deduction. 

Here is more information for you related to this deduction:

https://ttlc.intuit.com/replies/7019998

Here is a link to contact TurboTax if your issue continues:

https://ttlc.intuit.com/replies/3300041

[Edited 1-16-19|4:26PM]

[lloeber15]

What version of TurboTax software do I need to see the QBI?  I use the Deluxe version and it is not being calculated.  All of my income is from Self-Employment.

[JulieCo]

The deduction is available in Deluxe as all self-employed businesses are eligible for the determination of whether the credit is due.  Because it is so early in the season, there are some functions that are still being worked on by TurboTax.  You could wait to see closer to the January 28 filing date if the issue you are having is resolved.  Or you can call customer support and report the issue you are having.  

[JulieCo]

I edited my answer above to include the customer support contact information.