Oblio
Level 3
12-07-2019
05:05 AM
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IRonMaN
Level 15
12-07-2019
05:05 AM
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Go towards the bottom of the K-1 worksheet in the 1040 program
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IRonMaN
Level 15
12-07-2019
05:05 AM
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Go towards the bottom of the K-1 worksheet in the 1040 program
Slava Ukraini!
Oblio
Level 3
12-07-2019
05:05 AM
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Been there, but I just can't get it to the QBI
IRonMaN
Level 15
12-07-2019
05:05 AM
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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?
Slava Ukraini!
Slava Ukraini!
Oblio
Level 3
12-07-2019
05:05 AM
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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
Level 15
12-07-2019
05:05 AM
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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)?