Answered: Is QBI for "S" Corp before the Sec 179 deduction ?

haw4wwa · ‎12-06-2019

itonewbie · ‎12-06-2019

No, QBI for S-corp is after §179 but based on limitation applied at the individual level.

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Still an AllStar

itonewbie · ‎12-06-2019

No, QBI for S-corp is after §179 but based on limitation applied at the individual level.

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Still an AllStar

TaxGuyBill · ‎12-06-2019

But I think some of the Intuit programs have not been doing that correctly yet.

itonewbie · ‎12-06-2019

Surprise, surprise...

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Still an AllStar

Is QBI for "S" Corp before the Sec 179 deduction ?