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UPE & QBI in Proseries

taxshack
Level 3

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.
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taxshack
Level 3

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.

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4 Replies 4
IRonMaN
Level 15

Make a manual adjustment

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
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 3

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.
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taxshack
Level 3

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

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