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lddoll
Returning Member

Does Turbotax should you how QBI deduction is calculated?

 
1 Reply
AlanT
Expert Alumni

Does Turbotax should you how QBI deduction is calculated?

Yes, it is on the Qualified Business Income Deduction worksheet.  However, below is how it is calculated.  

For many TurboTax customers, the calculation is very simple, while for others…not so much. We’ve laid out the details below, but don’t worry if you find yourself getting lost – TurboTax easily handles the new QBI deduction and will let you know if you qualify and how much of a deduction you’re getting.

See the FAQ below for more information.  There is actually an additional link to show you how it is calculated. 

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

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