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My client has a net income of 11k from self. emp. as a limo driver. pro series did not calculate the 20% QBI. How do I figure that out?

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Level 15

Did you click the yes box saying it is qualified on the schedule C worksheet?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 15

Did you click the yes box saying it is qualified on the schedule C worksheet?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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Level 15
Level 15

Do you have taxable income?  The QBI wont reduce self employment taxes, and it wont compute If you have no income subject to income taxes.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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