My business shows a loss. On form 1040, line 9 "Qualified business income deduction" is 0 (zero) Why can't I deduct my loss? How does this work?
You'll need to sign in or create an account to connect with an expert.
The QBI is a deduction, not a addition to taxes. If you business had no income, it should be $0.
The loss on your business income is a loss. It shows on Schedule 1 Line 12.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
GayleS03
Level 3
fmcopeland
Returning Member
shsw09aa
Returning Member
wab9
Level 2
hixen26
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.