The Qualified Business Income Deduction reduces the amount of tax that you owe if you qualify. To verify you are receiving the deduction, look at your Form 1040, specifically Line # 10. You can view your entire return or just your 1040 form before you e-file: Open or continue your return. Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner). With the Tax Tools menu open, you can then: Select Print Center and then Print, Save, or Preview This Year's Return to preview your entire return, including all forms and worksheets (you may be asked to register or pay first). View only your 1040 form by selecting Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

Question

When filing for my taxes as a 1099-MISC and I qualified for the Business Income Deduction, why isn't it showing up on the grand total of what I owe?

Forum|Forum|5 years ago
June 16, 2020
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TurboTax Self Employed Online

DawnC

Employee

The Qualified Business Income Deduction reduces the amount of tax that you owe if you qualify. To verify you are receiving the deduction, look at your Form 1040, specifically Line # 10.

You can view your entire return or just your 1040 form before you e-file:

Open or continue your return.
Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
With the Tax Tools menu open, you can then:
- Select Print Center and then Print, Save, or Preview This Year's Return to preview your entire return, including all forms and worksheets (you may be asked to register or pay first).
- View only your 1040 form by selecting Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.