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If you have a net profit from your self-employment then you are eligible for the Qualified Business Income Deduction reported on a Form 8995.
Form 8995 Qualified Business Income Deduction is estimated to be finalized and available in TurboTax on 01/26/2023.
Note - The IRS will not be accepting any tax returns until 01/23/2023
To delete the form in Turbo Tax Online, please follow the instructions on How to Delete a Form.
Please note, QBI can come from stock market investments (what it is named for), K-1 forms, rental houses, and businesses. Did you have none of the above? @roblane32
Does anyone know if the QBI deduction is being factored into the tax refund calculation? Or will it not calculate until the form is finalized on 1/26?
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