dbtaxsolutions
Level 4

Hi, I was wondering if anyone else can assist. I am working on tax return with 3 k-1 from S Corps, and I have indicated it as SSTB on the k-1 but none is populating on the form 8895 A at all.

-  K-1 ordinary income $420 553, W2  $138 504, and UBIA $ 35 456 (duplicate this is it is similar for another k-1 for spouse)

- K-1  Ordinary Income -9889  W2, 45 000, UBIA 650

Taxable income is $1 013 931.00

Just wanted to confirm, it looks like they didn't qualify for QBI due to taxable income and being SSTB. 

 

0 Cheers