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Is anyone having difficulty with the Qualified Business Income deduction simplified worksheet populating on line 1?

dmcdon15
Level 1
 
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George4Tacks
Level 15

Yes.


Here's wishing you many Happy Returns

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12 Comments 12
George4Tacks
Level 15

Yes.


Here's wishing you many Happy Returns
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Terry53029
Level 14
Level 14
works for schedule c, trick is you have to link to business name
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dmcdon15
Level 1
How does it work with S Corp K-1?
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taxiowa
Level 8
Level 8
It does not work yet for S-corp.  You have to wait like the rest of us until a later release of program.
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dmcdon15
Level 1
Thanks. That's what I suspected. I just wanted a sanity check.
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Ernie
Level 9
@IRonMaN sanity check in aisle 1.
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IRonMaN
Level 15
Sorry but there isn’t any correlation between tax preparers and sanity.

Slava Ukraini!
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TaxGuyBill
Level 15
I disagree with Jeff.  During March and early April, there is a direct correlation between tax preparers and sanity (more to the point, the LACK of sanity).
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IRonMaN
Level 15
Splitting hairs again.

Slava Ukraini!
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George4Tacks
Level 15
Do split a :rabbit: with a clever cleaver?:rabbit:

Here's wishing you many Happy Returns
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Accountant-Man
Level 12

Last time I checked,  both Sch C and Sch E income and loss flow to the QBI worksheet as long as you linked them to the QBI worksheet.

** I'm still a champion... of the world! Even without The Lounge.
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bosch_jerry
Level 1

Having same problem.  Assume they will update software

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