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Income before qualified business income deduction

I am trying to determine the components of the calculation on the qualified business income deduction summary supporting schedule for the line "Income before qualified business income deduction".

I can figure out the net QBI line but cannot reconcile that number to the income before qualified business income deduction.

2 Replies
Level 15

Income before qualified business income deduction

First I would cheat and look at the QBI worksheet ...   

You can peek at only  the Federal form 1040 and the summary of the state info by going here:

1) lower- Left side of the to the left side of the "Tax Tools" text selection.
2)  then select "Tools"
3) then select "View Tax Summary" from the pop-up
4) then back to the left-side and "Preview 1040"

Then hit the "Back" on the left side to get back to your tax entries.

To view your entire return using the online editions (including the state) before you file, you will need to pay for your online account.

To pay the TurboTax online account fees by credit card, without completing the 2018 return at this time, click on Tax Tools >>> Tools  and then Print Center.  Then click on Print, save or preview this year's return.  On the next page, to pay by credit card, click Continue.  On the next screen it will ask if you want Audit Defense, if you do not want this option just click on the Continue button.  The next screen will ask for all your credit card information so you can pay for the account.

The new 20% QBI deduction is available to Sch C filers and when the program is fully updated sometime late January at the earliest ... you will see the deduction happen automatically. 

The new section 199A deduction propagates from the QBI Deduction Summary to the 1040 Worksheet to Form 1040 line 9.

What is the new 20% QBI Deduction

Not applicable

Income before qualified business income deduction

try taxable income less capital gains.  

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