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Level 1
December 7, 2019
Solved

Received a K1 from client (1120s) with Line 1 loss of 30k and line 17 box v $150k which is QBI. Does it seem plausible to have QBI of 150 with a 30k loss?

  • December 7, 2019
  • 1 reply
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Best answer by IRonMaN

Looks good from here --------------------- but my vision isn't what it used to be and I could change my mind if you gave a few more details.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Looks good from here --------------------- but my vision isn't what it used to be and I could change my mind if you gave a few more details.

Slava Ukraini!