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

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

dmcdon15
Level 1
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
George4Tacks
Level 15
0 Cheers
12 Replies 12
George4Tacks
Level 15
0 Cheers
Terry53029
Level 12
Level 12
works for schedule c, trick is you have to link to business name
0 Cheers
dmcdon15
Level 1
How does it work with S Corp K-1?
0 Cheers
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.
0 Cheers
dmcdon15
Level 1
Thanks. That's what I suspected. I just wanted a sanity check.
0 Cheers
Ernie
Level 9
@IRonMaN sanity check in aisle 1.
0 Cheers
IRonMaN
Level 15
Sorry but there isn’t any correlation between tax preparers and sanity.

Sign up here for pot stirring classes - 7:00pm Thursdays
0 Cheers
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).
0 Cheers
IRonMaN
Level 15
Splitting hairs again.

Sign up here for pot stirring classes - 7:00pm Thursdays
0 Cheers
George4Tacks
Level 15
Do split a :rabbit: with a clever cleaver?:rabbit:

ex-AllStar
0 Cheers
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.
0 Cheers
bosch_jerry
Level 1

Having same problem.  Assume they will update software

0 Cheers