QBI deduction not correct

Forum|Forum|11 months ago
April 16, 2025
1 reply
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hi, I have a business that qualifies for QBI. the deduction is higher than $1; however, TT is only allowing the $1 deduction, is this a glitch? or how can this be corrected. Thank you

AmyC

A couple of thoughts:

Your income is limiting the deduction
you have a loss carrying over from last year

Look at the form 8995 and see why it is limiting your deduction. To print or view your forms, including all worksheets:

In desktop, switch to Forms Mode.
For online:
1. On the left side, select Tax Tools
2. Select Print center
3. Select Print, save or preview this year's return
4. If you have not paid, select pay now.

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