Nicholas923
Level 2
12-07-2019
01:55 AM
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I have a taxpayer with 3 small Real Estate LLC's and no other income.
The QBI is coming up as -0-
Im wondering if there is a box(es) that need to be checked?
Please help
Thank you
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Terry53029
Level 14
12-07-2019
01:55 AM
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At the bottom of each schedule E did you double click to link each property?
Nicholas923
Level 2
12-07-2019
01:55 AM
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Thank you Ive Done that as well
Terry53029
Level 14
12-07-2019
01:55 AM
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Look at the QBID summary sheet, and see if all three properties are listed
Nicholas923
Level 2
12-07-2019
01:55 AM
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Thank you they are listed but they are at zero and I don’t really want to override it because I think it should flow automatically can you help me?
Terry53029
Level 14
12-07-2019
01:55 AM
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I can not get mine to fail with several test clients. Have you updated?
Nicholas923
Level 2
12-07-2019
01:55 AM
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I have but I will do it again later when I get home thanks for your help if there’s anything else you can offer please do I appreciate it
I really wanted to override but I’m afraid to do that thinking that I’m doing something wrong
I really wanted to override but I’m afraid to do that thinking that I’m doing something wrong
abctax55
Level 15
12-07-2019
01:55 AM
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What is the amount of taxable income?
"*******Tax software is no substitute for a professional tax preparer*******
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Nicholas923
Level 2
12-07-2019
01:55 AM
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Im sorry I forgot to include...aprrox 90,000 Thank you
Just-Lisa-Now-
Level 15
12-07-2019
01:55 AM
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You've scrolled all the way down to the bottom of the form to check the QBI box and review the QBI calculation?
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Nicholas923
Level 2
12-07-2019
01:55 AM
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Hi yes I have
Just-Lisa-Now-
Level 15
12-07-2019
01:55 AM
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Can you "follow the money" and see where the QBI computation goes wrong?
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Just-Lisa-Now-
Level 15
12-07-2019
01:55 AM
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You've got Taxable income (Line 10 of the 1040) showing on the return, right?
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abctax55
Level 15
12-07-2019
01:55 AM
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Any capital gains? If so, how much?
"*******Tax software is no substitute for a professional tax preparer*******
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Nicholas923
Level 2
12-07-2019
01:55 AM
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None
abctax55
Level 15
12-07-2019
01:55 AM
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What is the amount of taxable income?
"*******Tax software is no substitute for a professional tax preparer*******
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IRonMaN
Level 15
12-07-2019
01:55 AM
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Is this like the old Doublemint Gum twins commercial :smile:
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Slava Ukraini!
abctax55
Level 15
12-07-2019
01:55 AM
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Maybe too much caffeine this morning?
My office does seem to have gremlins lately
My office does seem to have gremlins lately
"*******Tax software is no substitute for a professional tax preparer*******
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garman22
Level 13
12-07-2019
01:55 AM
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LOL!! I did same yesterday.