Author Topic: 2018 Online 1040 income tax calculator.  (Read 308 times)

BTDretire

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2018 Online 1040 income tax calculator.
« on: September 14, 2018, 01:58:28 PM »
I just put my info into this calculator.
https://www.mortgagecalculator.org/calcs/1040-calculator.php
 I'm self employed and don't see an adjustment for the QBI.
Do you see what section would be proper to put that 20% into?

dandarc

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Re: 2018 Online 1040 income tax calculator.
« Reply #1 on: September 14, 2018, 02:16:58 PM »
You could just enter it on another line under AGI. As I understand it, for most with income below where other limits start coming in to play, it will be 20% of the lower of QBI or taxable income (before the QBI deduction).

So, you could put everything else in, find taxable income, multiply by 20% and enter that into alimony paid or some other line that is 0 in the AGI section.

Or MDM has added it to the case study spreadsheet, so you could download that and use it there.