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Level 3
May 9, 2020
Question

Qualified Business Income

  • May 9, 2020
  • 3 replies
  • 32 views

In computing the Qualified Business Income, the system computes the applicable self employed deductions connected to the business for 1/2 self employment tax and retirement deduction but does not include the self-employed health insurance deduction.  This amount is entered on the K-1 but is not included on the QBI worksheet as a deduction.  Per my understanding this is supposed to reduce the QBI.  Anyone else experiencing this?

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3 replies

May 9, 2020

Have you confirmed that the Self Employed Health Insurance deduction is showing up on Schedule 1?

Level 2
May 9, 2020

O

NO