QBI simplified worksheet amount on line 1c - cannot find where that number comes from. Net schedule C = 17181, line 1c shows 1421. AGI is 63,366. How is the 1421 calc?

[TerryA]

Review that calculation on the QBI Component Wks for that business.

[laelsmoon]

What does your answer mean?  Component worksheet does not show how the number was calculated.

[TerryA]

Ah, well yes, I see what you mean. Some preliminary calculations are performed at the bottom of the Schedule C, in the "QBI Deduction Info" Smart Worksheet. I incorrectly assumed you had already looked at that.

[laelsmoon]

Still don't get it.  There are no QBI calculations shown on the turbo tax schedule C. Also looked at the schedule C supplemental forms (depreciation and AMT and others ) and  still don't find a place that shows how QBI amount from line 1 is calculated.  Did as search, all it shows are the worksheets that start with the number of 1421 - no explanation of where it comes from.

[TerryA]

The QBI stuff on the Schedule C are "Smart Worksheets" and print out separately "for your records". If you have a Desktop version of TT then you can use Forms Mode to see it at the bottom of the Schedule C.

[laelsmoon]

Thanks!!!  Finally found it.  Will study a bit.  Appreciate the help.