Has TurboTax for Home and Business been properly updated to calculate the the Qualified Business Income deduction on Line 9 of Form 1040?

[DawnC0]

Yes, it has.  Qualified Business Income can be calculated from business income on Schedule C, Schedule E, or a K-1.  Keep in mind, that in order for QBI to be calculated from a K-1, there needs to be QBI-related codes in the ''Other Information'' box.  Otherwise, no deduction will be calculated.  Why?  Because QBI is determined at the entity level for partnerships, S-corps, trusts, and estates.  

[awesomesaucecham]

What about the Freedom Edition of Turbo Tax? I’ve gone through mine and it still shows nothing for this on line 9, but I know mine counts?

[DawnC0]

It should, but the software is a bit different.  If you need assistance with Free File (formerly Freedom), visit - <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/taxfreedom/support/contact">https://turbotax.intuit.com/taxfreedom/suppo...>