tjmurph53
Level 1
12-07-2019
09:13 AM
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Well, can I ask you where in the instructions for either the worksheet or the summary form does pro series OR the IRS instructions even mention where the information is entered on these two forms? I have read the QBI instructions from the IRS at a minimum 15 times...not once do these instructions even tell you that the QBI deduction goes on line 9 of the 1040! How hard is that to state in the instructions? Anyway, in order to get this completed is this the process? That once I have the 1120-S net profit amount, that I enter this on the QBI worksheet? Then, somehow this entry then ends up in the QBI summary? And if it gets into the summary does it flow from there to the 1040, which avoids the mess of just forcing the 20% QBI deduction? If someone can answer this ai would greatly appreciate it...thank you!