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Qualified business income deduction not working, why? Also, Sch D. on Mass. Form 1, says Final but shows error when review is done, why?

 
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Ernie
Level 9

Dear Berries and Blooms:

If the QBI is from a Schedule C, E, F then it is working.

If the QBI is from Partnerships or S-Corps today's update fixed those.

Dusty Ernie

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8 Comments 8
Ernie
Level 9

Dear Berries and Blooms:

If the QBI is from a Schedule C, E, F then it is working.

If the QBI is from Partnerships or S-Corps today's update fixed those.

Dusty Ernie

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garman22
Level 13
Level 13
really? K-1 QBI is up and running as of today?
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Ernie
Level 9
I have a partnership that I did and it shows the QBI.  I imported the information into the individual tax return and it imported.  I then linked it to a QBI worksheet and linked.  The numbers were small and not anywhere near the phase out so it all looks good.
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garman22
Level 13
Level 13
Thats super, Ernie! I just looked at a K-1 for other reasons and I did notice QBI info. I have not dummied one up yet but that is good news. 90% of my clientele do not reach threshold limits. Gracias!!
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Ernie
Level 9
Glad to help.  That is what makes this place nice - people doing what they can to help one another and giving a rough time (can you say IRMN?).
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garman22
Level 13
Level 13
I agree entirely and is it possible to agree above 100% in respect to IRMN? If so....YES!! :laughing::laughing:
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IRonMaN
Level 15
My ears were burning again.  Of course that could just be the result of my ACME propane ear warmers.

Slava Ukraini!
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garman22
Level 13
Level 13
hahaha!! you smart dude!!
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