54500
Level 1
12-07-2019
07:32 AM
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ordinary income from 1120-s $72153.00 gross income is under $315,000.
I can't get the 20% deduction for qualified business income to flow through
the personal return .There are two other businesses that qualify for the
deduction on the return which total income of about $3,600.00.
Solved! Go to Solution.
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IRonMaN
Level 15
12-07-2019
07:32 AM
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You need to enter all of the applicable QBI information on the K-1 worksheet on the 1040 and answer the questions correctly towards the bottom of the worksheet.
Slava Ukraini!
IRonMaN
Level 15
12-07-2019
07:32 AM
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Call support. They are trained mind readers, we evidently aren't.
Slava Ukraini!
Slava Ukraini!
54500
Level 1
12-07-2019
07:32 AM
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I figured it out myself,went to IRS info on QBI.
abctax55
Level 15
12-07-2019
07:32 AM
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So it was an input error? And you gave Jeff a no vote for pointing that out to you. Hmmm
"*******Tax software is no substitute for a professional tax preparer*******
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54500
Level 1
12-07-2019
07:32 AM
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it was my fault the K-! was incomplete.
