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How does K-1 get included for the QBI deduction

Oblio
Level 1
 
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IRonMaN
Level 15

Go towards the bottom of the K-1 worksheet in the 1040 program

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

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IRonMaN
Level 15

Go towards the bottom of the K-1 worksheet in the 1040 program

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

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Oblio
Level 1
Been there, but I just can't get it to the QBI
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IRonMaN
Level 15
If it is loaded into the K-1 worksheet properly and the correct boxes are checked, it works.  Sorry, but I can't quite see over your shoulder to see what is happening for you.  Is there taxable income on the return?
ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
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Oblio
Level 1
Thanks for the help. It's a K-1 that's been happening for a number of years. Nothing different this year, with $100,000 line 1 ordinary income.  Near the bottom of the k-1 worksheet I indicate that it's QBI income. But just won't transfer. There are already to other items (with losses of $47,000) on the QBI summary. I have to be missing something simple.

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TaxGuyBill
Level 15
Does the K-1 itself have the proper QBI information (box 20 for a Partnership K-1, box 17 for an S-corporation K-1)?
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