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Level 1
December 7, 2019
Solved

How do you get W-2 income to connect to the QBI worksheet associated with the S-Corp K-1?

  • December 7, 2019
  • 1 reply
  • 5 views

I have a loss on the K-1 business income, but W-2 wages for the business.  The wages are not carrying to line 8 of the QBI Component Worksheet.

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Best answer by itonewbie

When a qualified trade or business produces a negative QBI, W-2 wages and UBIA of qualified property from that trade or business are to be disregarded and not taken into account.

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

When a qualified trade or business produces a negative QBI, W-2 wages and UBIA of qualified property from that trade or business are to be disregarded and not taken into account.

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