turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sales23
New Member

The QBI calculation performed by Turbotax on my return is wrong, producing a number much higher than it should. How can I see the details of the calculation?

2 K1's = 57,054, Sch C = 47, Sch E (rental) = 5,390, 1/2 of SE tax = 2,290. This should give QBI= 12,040, but Turbotax says it is $ 16,977 !! Why?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JamesG1
Expert Alumni

The QBI calculation performed by Turbotax on my return is wrong, producing a number much higher than it should. How can I see the details of the calculation?

Qualified Business Income and the Qualified Business Income Deduction are computed on IRS form 8995 or IRS form 8995-A.

 

You may view the form and the calculation in your tax return.

 

In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the software.

 

  • View the entries down the left side of the screen at Tax Tools.
  • Select Print Center.
  • Select Print, save or preview this year's return.

In TurboTax Desktop, select FORMS in the upper right hand corner of the screen.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question