Solved: Why do i have a "qualified buisness income deduction" this year? I used turbo tax last year and did not have it. nothing has changed as far as my finances are concerned.
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Why do i have a "qualified buisness income deduction" this year? I used turbo tax last year and did not have it. nothing has changed as far as my finances are concerned.

 
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Level 7

Why do i have a "qualified buisness income deduction" this year? I used turbo tax last year and did not have it. nothing has changed as far as my finances are concerned.

The qualified business income deduction on Form 1040 line 9 is new for 2018. See the QBI worksheets for details of its computation.

Also see the Form 1040 line 9 instructions on page 34 for more about it:

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf


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Level 7

Why do i have a "qualified buisness income deduction" this year? I used turbo tax last year and did not have it. nothing has changed as far as my finances are concerned.

The qualified business income deduction on Form 1040 line 9 is new for 2018. See the QBI worksheets for details of its computation.

Also see the Form 1040 line 9 instructions on page 34 for more about it:

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf


View solution in original post

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