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How do we record the QBI income from a Scorp k-1 into the personal return on the 1040 ? Is there a special box to click on to transfer from K1?

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Level 1

i put in the letters V and W on line 17 of K1 to reflect QBI income and wages and nothing converted over or imported into the QBI worksheet?  How does the QBI worksheet get the information so that it will combine with other Schedule C income for proper 20% deduction?

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Level 15
Level 15

Last I heard, the 1040 hasn't been updated to accommodate that yet....people ask about it everyday!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Level 15
Level 15

Last I heard, the 1040 hasn't been updated to accommodate that yet....people ask about it everyday!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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