Level 3

Solved

Pro Series not taking QBI deduction

Forum|Forum|6 years ago
December 7, 2019
8 replies
20 views

I have a taxpayer with 3 small Real Estate LLC's and no other income.

The QBI is coming up as -0-

Im wondering if there is a box(es) that need to be checked?

Please help

Thank you

ProSeries Professional

This topic has been closed for replies.

Best answer by abctax55

What is the amount of taxable income?

Intuit Community Champion

Intuit Community Champion

At the bottom of each schedule E did you double click to link each property?

Nicholas923Author

Level 3

Thank you Ive Done that as well

Intuit Community Champion

Intuit Community Champion

Look at the QBID summary sheet, and see if all three properties are listed

Nicholas923Author

Level 3

Thank you they are listed but they are at zero and I don’t really want to override it because I think it should flow automatically can you help me?

Intuit Community Champion

Intuit Community Champion

I can not get mine to fail with several test clients. Have you updated?

Nicholas923Author

Level 3

I have but I will do it again later when I get home thanks for your help if there’s anything else you can offer please do I appreciate it
I really wanted to override but I’m afraid to do that thinking that I’m doing something wrong

Level 15

What is the amount of taxable income?

HumanKind... Be Both

Nicholas923Author

Level 3

Im sorry I forgot to include...aprrox 90,000 Thank you

Level 15

What is the amount of taxable income?

HumanKind... Be Both

Level 15

Is this like the old Doublemint Gum twins commercial

Slava Ukraini!