The QBI deduction will be reported on line 9 of your 1040 form. See the FAQ below for how to preview your 1040 form in TurboTax.
The QBI deduction is a calculation that is done behind the scenes so there is not a separate section for it in TurboTax. 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. In addition, if you have any dividend income from a REIT, then those dividends are included as part of the qualified business income.
But, there are income thresholds where income from certain type of businesses (specified service or trade businesses) gets phased out of the calculation.
Per the IRS recently
released Notice
2019-07, the following is a definition of the income included in the QBI
deduction calculation:
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.
How to preview your 1040 form before filing:
https://ttlc.intuit.com/replies/3302322
