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Level 3
June 15, 2021
Question

QBI

  • June 15, 2021
  • 1 reply
  • 13 views

My client K1 from 1120S is $179,428 and on the 1040 filing status is MFS can I take the QBI deductions for the threshold amount of $157,500. Thank you for your help.

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1 reply

dkh
Level 15
June 21, 2021

Enter your K1 information then verify the return calculations.