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Level 2
Feb 6, 2020 9:21 PM UTC
Question

QBI Deduction

I qualify for a QBI deduction. I am filing married filling jointly. Both my QBI as determined by TurboTax, and my taxable income, are way below the amount to even start phasing out the deduction, and yet it shows me getting a lesser amount due to income limitations.  Why would that be? 

    4 replies

    MarilynG
    Alumni - Intuit
    Feb 6, 2020 9:46 PM UTC

    When you Print or View your return, look for the QBI Worksheet. 

     

    Click this link for detailed info that may help you with your QBI Deduction calculations. 

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    DavidAAuthor
    Level 2
    Feb 6, 2020 10:00 PM UTC

    Thank you! 

    MarilynG
    Alumni - Intuit
    Feb 6, 2020 10:34 PM UTC

    My pleasure!

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    Level 2
    Feb 18, 2020 9:08 PM UTC

    How is QBI(REIT) determined.  Don't see how value is determined in turbo tax.