dbtaxsolutions
Level 5
06-06-2022
12:15 PM
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Hi, I was wondering if anyone else can assist. I am working on tax return with 3 k-1 from S Corps, and I have indicated it as SSTB on the k-1 but none is populating on the form 8895 A at all.
- K-1 ordinary income $420 553, W2 $138 504, and UBIA $ 35 456 (duplicate this is it is similar for another k-1 for spouse)
- K-1 Ordinary Income -9889 W2, 45 000, UBIA 650
Taxable income is $1 013 931.00
Just wanted to confirm, it looks like they didn't qualify for QBI due to taxable income and being SSTB.
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