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Level 3
December 7, 2019
Solved

K1 with guaranteed payments does not calculate QBI correctly . Has anyone else had this problem?

  • December 7, 2019
  • 1 reply
  • 2 views
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Best answer by George4Tacks

It seems to be doing it correctly. How do you think Guarantee Payments are affecting the result? They are not wages (20AA.) They are an expense that reduces 199A income (20Z.) 

1 reply

George4Tacks
Level 15
December 7, 2019

It seems to be doing it correctly. How do you think Guarantee Payments are affecting the result? They are not wages (20AA.) They are an expense that reduces 199A income (20Z.) 

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