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QBIC - when will form be added to program?

suesue1
Level 3

When will the form be released for the Qualified Business Income Credit?

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1 Solution

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abctax55
Level 15

Just a comment..it is NOT a credit. It's a deduction.  There IS a difference. 

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

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17 Comments 17
abctax55
Level 15

Just a comment..it is NOT a credit. It's a deduction.  There IS a difference. 

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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suesue1
Level 3
So right. Credit would be so much better though
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garman22
Level 13
Level 13

You will have to be A LOT more specific with this question. Are you talking about in relationship to C, E, F, K-1's? 

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suesue1
Level 3
Sorry - Schedule C and E
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IRonMaN
Level 15
I'm told that it does exist but you need to double click near the bottom of the form to turn it on for schedule C.

Slava Ukraini!
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garman22
Level 13
Level 13
Yes, they both are active and working. You will head way to the bottom and answer specific questions to the biz and as @IRonMaN states.....dbl click and your QBI will calculate. E works same.
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suesue1
Level 3
Oh wait - I think I accidentally found it - form 1040 line 9
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garman22
Level 13
Level 13
:smile: Yes, that is where the credit will appear once you've linked your biz.:smile:
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suesue1
Level 3
Thank you. Found it!
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garman22
Level 13
Level 13
You bet!
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suesue1
Level 3
If there is a monitor/moderator on this site can you please tell me why a couple of my reply comments have been rejected with the statement "account being reviewed for possible violation of terms of service"?
Why? Didn't say anything objectionable that I can think of. Honestly, why the rebuke????
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IRonMaN
Level 15
Sometimes the site gets funky if you post a number of times in a shorter period of time ——— it mistakes you for spam —— and not the Hormel kind of spam.

Slava Ukraini!
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taxiowa
Level 8
Level 8
Good question suesue.  This is the 2nd instance of account being reviewed I have heard of in the last couple days.  Thanks for visiting though.  I will see if someone is listening.
@Ashley at Intuit (aka Henry Jr)
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IRonMaN
Level 15
I’m listening :smile::smile:

Slava Ukraini!
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suesue1
Level 3
Hahaha - probably right. I was pretty busy on here today. Frustrated a lot.
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suesue1
Level 3
Thanks to you all. Good group!
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taxiowa
Level 8
Level 8
Once you are singled out for abuse I don't know how you got out of it suesue.  That was awesome.
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