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

QBI deduction on 1041

Level 1
last updated ‎January 14, 2020 3:21 PM

In Proseries, how do I get the estate QBI deduction (on Form 1041) to flow through to the beneficiary's Schedule K-1?

Labels (1)
1 Reply 1
Level 2
last updated ‎January 14, 2020 3:21 PM

I have the same question. Any answers out there? The IRS pubs imply that this is proper and it looks like line 14-I on the K-1, is the place it should go but proseries isn't filling that in. Do I have to do that manually? 

My situation is a 1099-Div from a REIT has dividends and QBI on line 5. I entered it as REIT dividends and it's not flowing to the K-1.

Any thoughts or suggestions?

0 Cheers