Question

I do not see any forms for the QBI deduction for sole proprietorships. Will this be included in a later update?

Forum|Forum|6 years ago
June 7, 2019
1 reply
0 views

I am using Home&Biz 2018. I filled out my predicted tax information for 2018, but my taxes are much higher than predicted. When I looked through the forms, Line 9 of the 1040 is blank. This line should contain the 20% deduction for QBI. Most of my income is through sole proprietorships, so this affects my tax return strongly. When will this be addressed?

TurboTax Home & Biz Windows

rjs

Employee

The QBI deduction will be included in an update. We don't have a date for it.

D

dmertz

Employee

The update released today adds linkage between Schedule C and the QBI calculation, but the calculations are far from complete and are likely to produce an erroneously inflated QBI deduction (perhaps GREATLY inflated) until further corrections are made in future updates.