QBI deduction not computing

[gene_scammahorn]

Small lawnmower engine LLC filing as an Scorp, operating income is $59,221 on the K-1 sent to 1040 but no deduction is being computed. Adjusted gross income is $109,000. What gives?

[abctax55]

What is showing up of Form 8995?

SEHI on W-2?

Retirement plan contribution?

Capital gains?

Large itemized deductions?

[abctax55]

Who prepared the K-1?

DOES it show QBI info?  Box 20 (or is that for a partnership...)

The eligibility for QBID is determined at the entity level....maybe lawnmower repair doesn't qualify?  Maybe the K-1 is prepared incorrectly?

JUST income showing on the K-1 doesn't automatically trigger the computation.

To repeat myself....NMI

[IRonMaN]

What else is on the K-1?

[abctax55]

yeah... could have §179 on it...