Has turbotax put the 20% pass through deduction into their software yet? I don't see it calculated and I'm almost certain I qualify. I am a sole-proprietor.

[broussardchristo]

when is it going to be there-QBID

[cme4woteva]

when is it going to be in turbo tax

[VolvoGirl · Accepted solution]

Not yet.  The new 20% QBI deduction is available to Sch C filers and when the program is fully updated sometime late January at the earliest ... you will see the deduction happen automatically. 

[dmertz]

[Edit:  This comment may only apply to the CD/download version of TurboTax Home & Business] Make sure that you gone through the entire Business section, including Profit and Loss from Business, editing your business and clicking the Continue button on the Your [XXX] Business page.  TurboTax does not generate the QBI deduction worksheets until you click that Continue button.

[dmertz]

However, it might not yet be working at all in the online version of TurboTax.

[curt504]

Sched E and LLC / entity income supposed to be be reduced by 20% as well.

[wmiller]

Is there any update on the status of this within the online version?

[cleverlyengaged]

It worked for me in the Self Employed online version, but you have to completely finalize your business income and expense section

[wmiller]

Got it. How does it show if it's done it? I just can't tell at this point.

[msnewe111]

To verify that you received the QBI deduction, go the forms view and look at line 9 of the 1040.  If you received the deduction, this line will contain the dollar amount.

[cleverlyengaged]

You should also see a huge drop in the amount of taxes due or an increase in the amount of your refund. When I finally completed the business section, I noticed the refund changed from $1500 to $3500

[wmiller]

Thank you both!!!

[ses604]

I finally discovered that this QBI deducation is way more complicated than it seems.  I tried to make a maximum deduction to my Solo 401-K and guess what? It affects my QBI.  Found this article by searching Google "How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners" -  Read it if you like or anyone else who is trying to take both deductions:  <a rel="nofollow" target="_blank" href="https://www.kitces.com/blog/199a-qbi-deduction-reduction-small-business-owner-retirement-plan-contri...>

[null119]

it's now march - it doesn't seem that this deduction is automatically populating yet?