Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
leahpye
New Member

How do I calculate my deduction for qualified business income for each quarter?

Also, are quarters cumulative? (i.e. Do I add  quarter 1 and quarter 2 together to get my quarter 2 deduction for qualified business income)? The dates for quarter 1 read: 1/1/2018 to 3/31/2018. The dates for quarter 2 read 1/1/2018 to 5/31/2018.
1 Reply
Cindy0H
New Member

How do I calculate my deduction for qualified business income for each quarter?

Yes, you are correct. The quarters are cumulative. TurboTax will, of course, calculate it for you. In this FAQ is the " How is this deduction calculated?" section. 

If you have other questions, please ask in the comment box below.

https://ttlc.intuit.com/replies/7019998


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~