If you were self-employed or a small business, you probably qualify for the qualified business income (QBI) deduction. We'll automatically determine if you qualify and how large the deduction is.
Here's how to find out if you qualify:
Note: If your TurboTax navigation looks different from what’s described here, learn more.
- Open or continue your return.
- Select Federal and then Deductions & Credits.
- Scroll down and select Wrap up tax breaks. Done with Deductions/tax breaks.
- Now proceed through any screens. If you qualify, you’ll see a screen that shows the exact amount of your QBI deduction.
Note: While you can do this search at any time, you'll get the most accurate answer if you've entered all your income and other deductions as the qualified business income deduction is based on several parts of your return. However, we recalculate if you change anything or add more info, and the steps above will always give your current status.
