Qualified business income deduction not working, why? Also, Sch D. on Mass. Form 1, says Final but shows error when review is done, why?

[Ernie · Accepted solution]

Dear Berries and Blooms:

If the QBI is from a Schedule C, E, F then it is working.

If the QBI is from Partnerships or S-Corps today's update fixed those.

Dusty Ernie

[garman22]

really? K-1 QBI is up and running as of today?

[Ernie]

I have a partnership that I did and it shows the QBI.  I imported the information into the individual tax return and it imported.  I then linked it to a QBI worksheet and linked.  The numbers were small and not anywhere near the phase out so it all looks good.

[garman22]

Thats super, Ernie! I just looked at a K-1 for other reasons and I did notice QBI info. I have not dummied one up yet but that is good news. 90% of my clientele do not reach threshold limits. Gracias!!

[Ernie]

Glad to help.  That is what makes this place nice - people doing what they can to help one another and giving a rough time (can you say IRMN?).

[garman22]

I agree entirely and is it possible to agree above 100% in respect to IRMN? If so....YES!! :laughing:

[IRonMaN]

My ears were burning again.  Of course that could just be the result of my ACME propane ear warmers.

[garman22]

hahaha!! you smart dude!!