I am trying to determine the components of the calculation on the qualified business income deduction summary supporting schedule for the line "Income before qualified business income deduction".
I can figure out the net QBI line but cannot reconcile that number to the income before qualified business income deduction.
You'll need to sign in or create an account to connect with an expert.
First I would cheat and look at the QBI worksheet ...
You can peek at only the Federal form 1040 and the summary of the
state info by going here:
1) lower- Left side of the
screen...click to the left side of the "Tax Tools" text selection.
2) then select "Tools"
3) then select "View Tax Summary"
from the pop-up
4) then back to the left-side and
"Preview 1040"
Then hit the "Back" on the left side
to get back to your tax entries.
To view your entire return using the online editions (including the state) before you file, you will need to pay for your online account.
To pay the TurboTax online account fees by credit card, without completing the 2018 return at this time, click on Tax Tools >>> Tools and then Print Center. Then click on Print, save or preview this year's return. On the next page, to pay by credit card, click Continue. On the next screen it will ask if you want Audit Defense, if you do not want this option just click on the Continue button. The next screen will ask for all your credit card information so you can pay for the account.
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.
The new section 199A deduction propagates from
the QBI Deduction Summary to the 1040 Worksheet to Form 1040 line 9.
What is the new 20% QBI Deduction
https://ttlc.intuit.com/questions/4499030-what-is-this-new-20-business-deduction
try taxable income less capital gains.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
joycesyi
Level 2
Sweendog10
New Member
kare2k13
Level 4
knk29071
New Member
chandra-santamon
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.