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QBI Deduction

Johnathan Wood
Level 1

Hi,

 

I have a partnership return and I am trying to figure out where do I input the QBI deduction. Is it either on the 1065 or the 1040?

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4 Comments 4
sjrcpa
Level 15

The information needed for the QBI deduction goes on the K-1s. The actual QBI deduction is taken on the partner's 1040.


Ex-AllStar
Johnathan Wood
Level 1
Spoiler
 

Hey thank you for the quick response. Where at on the K1 do I put the information? I think it's Section 179A but I just want to make sure.

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George4Tacks
Level 15

If you are doing the 1065, it should generate from your input for the type of income. Give more info for help. Rental? Regular business income?

Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assist... OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-...
 for more help.


Here's wishing you many Happy Returns
Johnathan Wood
Level 1

Regular business income. It's a partnership for a bar & lounge business.

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