I am preparing Form 1041 with a Schedule E for a rental apartment with net income of $21,312.
The Form 8995 produces a QBI of $242.
How is that QBI on Form 8995 calculated?
Have you looked at the 8995 and followed the money to see how its calculating?
There's also a "20%" of taxable income (with a capital gains modification) that comes into play.
Form 8995 shows the math (at least Lacerte does on an individual return...)
