How does K-1 get included for the QBI deduction

[IRonMaN · Accepted solution]

Go towards the bottom of the K-1 worksheet in the 1040 program

[Oblio]

Been there, but I just can't get it to the QBI

[IRonMaN]

If it is loaded into the K-1 worksheet properly and the correct boxes are checked, it works.  Sorry, but I can't quite see over your shoulder to see what is happening for you.  Is there taxable income on the return?

[Oblio]

Thanks for the help. It's a K-1 that's been happening for a number of years. Nothing different this year, with $100,000 line 1 ordinary income.  Near the bottom of the k-1 worksheet I indicate that it's QBI income. But just won't transfer. There are already to other items (with losses of $47,000) on the QBI summary. I have to be missing something simple.

[TaxGuyBill]

Does the K-1 itself have the proper QBI information (box 20 for a Partnership K-1, box 17 for an S-corporation K-1)?