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Qualified Business Income is a deduction- if you did not see a change in your tax due, it may be possible that you did not have taxable income. See Tax Deductions and Credits.
But I did have significant taxable income. Still owe over $1000. Now what? I also have 3 other issues and can’t find a good way to get answers/resolution. Can I present them to you and see if you have some explanations.
To see if you have QBI as a deduction, please look at line 13 of your 1040.
Click Tax Home
Click Review if necessary to get Tax Tools on the left side-bar
Click Tax Tools on the left side-bar (you may need to use the scroll bar for the left side-bar to see this)
Click Tools on the drop-down list
Click View Tax Summary on the Tools Center screen
When you do this, Preview my 1040 appears on the left side-bar
Click Preview my 1040 on the left side-bar
Scroll down and look at line 13 on the 1040 for your “QBI" amount
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