berriesandbloom s
Level 1
12-06-2019
08:08 PM
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Best Answer Click here
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Ernie
Level 9
12-06-2019
08:08 PM
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Dear Berries and Blooms:
If the QBI is from a Schedule C, E, F then it is working.
If the QBI is from Partnerships or S-Corps today's update fixed those.
Dusty Ernie
Level 13
12-06-2019
08:08 PM
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really? K-1 QBI is up and running as of today?
Ernie
Level 9
12-06-2019
08:08 PM
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I have a partnership that I did and it shows the QBI. I imported the information into the individual tax return and it imported. I then linked it to a QBI worksheet and linked. The numbers were small and not anywhere near the phase out so it all looks good.
Level 13
12-06-2019
08:08 PM
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Thats super, Ernie! I just looked at a K-1 for other reasons and I did notice QBI info. I have not dummied one up yet but that is good news. 90% of my clientele do not reach threshold limits. Gracias!!
Ernie
Level 9
12-06-2019
08:08 PM
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Glad to help. That is what makes this place nice - people doing what they can to help one another and giving a rough time (can you say IRMN?).
Level 13
12-06-2019
08:08 PM
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I agree entirely and is it possible to agree above 100% in respect to IRMN? If so....YES!!
:laughing:

IRonMaN
Level 15
12-06-2019
08:08 PM
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My ears were burning again. Of course that could just be the result of my ACME propane ear warmers.
Slava Ukraini!
Slava Ukraini!
Level 13
12-06-2019
08:08 PM
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hahaha!! you smart dude!!