sure is not obvious how to quote or delete………….
I believe the worksheet in the line 9 instructions for the 1040 lead you through the calculations: pg 37
be careful beginning w/ line 11 of wksht:
11. Income before qualified business income deduction .
The lines before this refer to QBI. However line 11 just has I (=income) and they mean following the 1040 from AGI, and then subtracting the std or itemized deduction to get the
I (income) to be used here for an alternate calculation. The lower of the marketed 20% deduction and this alternate calculation is the real QBI deduction and it appears often it is not what most expect.
- This reply was modified 2 years, 12 months ago by Kaye Thomas.