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

UPE & QBI in Proseries

taxshack
Level 5

I am taking the position that UPE reduces QBI.  What is the best way to force the program to include this in the calculations?

Preparing taxes is not my life, but my life is amazing because I prepare taxes.
0 Cheers

This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

1 Best Answer

Accepted Solutions
taxshack
Level 5

Thank you for your quick response.  I was looking more for the best place to make that adjustment.  But I've gotten a response to that too.  Take care.

Preparing taxes is not my life, but my life is amazing because I prepare taxes.

View solution in original post

0 Cheers
4 Comments 4
IRonMaN
Level 15

Make a manual adjustment


Slava Ukraini!
Intuit_Devin
Employee
Employee

IRonMaN is correct, if you take the position UPE should be subtracted from QBI, just enter the amount you want to exclude from QBI on line E2 of the QBI Deduction Info smart worksheet at the bottom of the K1 worksheet.

taxshack
Level 5

Thank you for your quick response.  I was looking more for the best place to make that adjustment.  But I've gotten a response to that too.  Take care.

Preparing taxes is not my life, but my life is amazing because I prepare taxes.
0 Cheers
taxshack
Level 5

Thank you for your quick response.  I have been using E2.  I am happy to have confirmation that that is the place to put it.  Take care.

Preparing taxes is not my life, but my life is amazing because I prepare taxes.
0 Cheers