Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

K-1 with negative QBI wages

Level 1

Anyone seen the QBI wage number on a K-1 be negative?

Labels (1)
0 Cheers
2 Replies 2
Level 11
Level 11

Don't think it would ever be negative, unless when filling out the "199a worksheet by activity" you inadvertently put w2 wages on line 9b  (adjustments) instead of line 9a (w2 wages)

Level 15

Unless someone likes their job so much that they are paying their employer to work for them, I can't think of any reason to have a negative wage amount other than someone had a case of pilot error while generating the K-1 info.

This week's special - free amended tax returns to anybody bringing in a signed copy of the law providing tax breaks for unemployment.