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How do you get QBI income to pick up other income? I entered a 1099 in other income and checked self employment income but Lacerte isn't picking it up for QBI.

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Level 3
last updated ‎December 07, 2019 6:09 AM
 
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Level 8
last updated ‎December 07, 2019 6:09 AM

Everyone gave you the correct answer already, but just to clarify.  QBI = qualified business income.  Business income is reported on a schedule C, not on line 21.  You see where this is going right?  There is no way to include line 21 income as QBI.

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Level 12
last updated ‎December 07, 2019 6:09 AM
If is subject to SE tax, it belongs on a Schedule C.  So put it on Schedule C.
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Level 15
last updated ‎December 07, 2019 6:09 AM
:+1::+1:

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Highlighted
Level 8
last updated ‎December 07, 2019 6:09 AM

Everyone gave you the correct answer already, but just to clarify.  QBI = qualified business income.  Business income is reported on a schedule C, not on line 21.  You see where this is going right?  There is no way to include line 21 income as QBI.

View solution in original post

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