HOPE2
Level 9

Thanks but just  for reminding, Qualified Business Income Deduction included :

-Qualified business income (net income)

-Qualified wages paid

-UBIA , Qualified business property

QBI deduction is : the lesser of 

20% * QBI ( net income) 

or greater of          each of them                     A- (50%* W-2  )    B-(25%*W-2 + 2.5%*UBIA)

Also should be check it out the threshold of income

By the way when no W-2 and UBIA, QBI calculation goes on net income that is why we have statement A --- QBI pass-Through Entity Reporting that there is on first line Ordinary business income(loss) so  box 17 code V in Schedule K-1 will be generated. However, other items like royalty section 1231, section 179,...are considered.

0 Cheers