Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
leahpye
New Member

How do I calculate my deduction for qualified business income for each quarter?

Also, are quarters cumulative? (i.e. Do I add  quarter 1 and quarter 2 together to get my quarter 2 deduction for qualified business income)? The dates for quarter 1 read: 1/1/2018 to 3/31/2018. The dates for quarter 2 read 1/1/2018 to 5/31/2018.
1 Reply
Cindy0H
New Member

How do I calculate my deduction for qualified business income for each quarter?

Yes, you are correct. The quarters are cumulative. TurboTax will, of course, calculate it for you. In this FAQ is the " How is this deduction calculated?" section. 

If you have other questions, please ask in the comment box below.

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


About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~