Taxable Income
Line
38
Step
8
Step Subject
Taxable Income
Instruction Year
2018
Subtract line 37 from line 36 and enter the difference.
If line 37 is greater than line 36, enter zero.
Qualified Business Income (QBI) deduction
Iowa has not conformed with the federal deduction for Qualified Business Income for tax year 2018. Do not subtract from Iowa taxable income any amount from federal 1040, line 9.