DO 1120-S PROFIT QUALITY AS QBI? MATERIAL PARTICIPATION 100% GRAVEL HAULING.

[54500]

ordinary income from 1120-s $72153.00 gross income is under $315,000.

I can't get the 20% deduction for qualified business income to flow through 

the personal return .There are two other businesses that qualify for the 

deduction on the return which total income of about $3,600.00.

[IRonMaN · Accepted solution]

You need to enter all of the applicable QBI information on the K-1 worksheet on the 1040 and answer the questions correctly towards the bottom of the worksheet.

[IRonMaN]

Call support.  They are trained mind readers, we evidently aren't.

[54500]

I figured it out myself,went to IRS info on QBI.

[abctax55]

So it was an input error?  And you gave Jeff a no vote for pointing that out to you.  Hmmm

[54500]

it was my fault the K-! was incomplete.