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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.
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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


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