Nicholas923
Level 2
‎12-07-2019 01:55 AM

I have a taxpayer with 3 small Real Estate LLC's and no other income.

The QBI is coming up as -0-

Im wondering if there is a box(es) that need to be checked?

Please help

Thank you

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Terry53029
Level 15
Level 15
‎12-07-2019 01:55 AM
At the bottom of each schedule E did you double click to link each property?
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Nicholas923
Level 2
‎12-07-2019 01:55 AM
Thank you Ive Done that as well
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Terry53029
Level 15
Level 15
‎12-07-2019 01:55 AM
Look at the QBID summary sheet, and see if all three properties are listed
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Nicholas923
Level 2
‎12-07-2019 01:55 AM
Thank you they are listed but they are at zero and I don’t really want to override it because I think it should flow automatically can you help me?
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Terry53029
Level 15
Level 15
‎12-07-2019 01:55 AM
I can not get mine to fail with several test clients. Have you updated?
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Nicholas923
Level 2
‎12-07-2019 01:55 AM
 I have but I will do it again later when I get home thanks for your help if there’s anything else you can offer please do I appreciate it
I really wanted to override but I’m afraid to do that thinking that I’m doing something wrong
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abctax55
Level 15
‎12-07-2019 01:55 AM

What is the amount of taxable income?

HumanKind... Be Both

View solution in original post

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Nicholas923
Level 2
‎12-07-2019 01:55 AM
Im sorry I forgot to include...aprrox 90,000 Thank you
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 01:55 AM
You've scrolled all the way down to the bottom of the form to check the QBI box and review the QBI calculation?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Nicholas923
Level 2
‎12-07-2019 01:55 AM
Hi yes I have
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 01:55 AM
Can you "follow the money" and see where the QBI computation goes wrong?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 01:55 AM
You've got Taxable income (Line 10 of the 1040) showing on the return, right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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abctax55
Level 15
‎12-07-2019 01:55 AM
Any capital gains?  If so, how much?
HumanKind... Be Both
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Nicholas923
Level 2
‎12-07-2019 01:55 AM
None
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abctax55
Level 15
‎12-07-2019 01:55 AM

What is the amount of taxable income?

HumanKind... Be Both
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IRonMaN
Level 15
‎12-07-2019 01:55 AM
Is this like the old Doublemint Gum twins commercial :smile::smile:

Slava Ukraini!
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abctax55
Level 15
‎12-07-2019 01:55 AM
Maybe too much caffeine this morning?
My office does seem to have gremlins lately :stuck_out_tongue:  
HumanKind... Be Both
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garman22
Level 13
Level 13
‎12-07-2019 01:55 AM
LOL!! I did same yesterday.
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