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What are the mechanics of getting the QBI deduction to compute for income from an S-corp? Schedule C & E are no problem but S-corp income is not computing.

cjgerber
Level 1
 
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abctax55
Level 15
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Just-Lisa-Now-
Level 15
Level 15
The software isn't updated to accommodate the K-1 QBI calculations...maybe in a week or so (I don't think they've announced a date yet)?  Be sure to update every week!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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cjgerber
Level 1
Thanks, I assumed I was doing something wrong!
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abctax55
Level 15
Watch the ass-u-me stuff :wink::wink:

#StandWithUkraine
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abctax55
Level 15
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Marc-TaxMan
Level 8

I know it's complicated but this is beyond belief.  Jan 10 update did not fix this issue.  1040 K1-S and K1-P do not seem to work.  Good news:  The State Tax Refund check box has been fixed!


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