QBI Deduction

[Johnathan Wood]

Hi,

I have a partnership return and I am trying to figure out where do I input the QBI deduction. Is it either on the 1065 or the 1040?

[sjrcpa]

The information needed for the QBI deduction goes on the K-1s. The actual QBI deduction is taken on the partner's 1040.

[Johnathan Wood]

Spoiler

Hey thank you for the quick response. Where at on the K1 do I put the information? I think it's Section 179A but I just want to make sure.

[George4Tacks]

If you are doing the 1065, it should generate from your input for the type of income. Give more info for help. Rental? Regular business income?

Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assist... OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-...
 for more help.

[Johnathan Wood]

Regular business income. It's a partnership for a bar & lounge business.