Is anyone having difficulty with the Qualified Business Income deduction simplified worksheet populating on line 1?

[George4Tacks · Accepted solution]

Yes.

[Terry53029]

works for schedule c, trick is you have to link to business name

[dmcdon15]

How does it work with S Corp K-1?

[taxiowa]

It does not work yet for S-corp.  You have to wait like the rest of us until a later release of program.

[dmcdon15]

Thanks. That's what I suspected. I just wanted a sanity check.

[Ernie]

@IRonMaN sanity check in aisle 1.

[IRonMaN]

Sorry but there isn’t any correlation between tax preparers and sanity.

[TaxGuyBill]

I disagree with Jeff.  During March and early April, there is a direct correlation between tax preparers and sanity (more to the point, the LACK of sanity).

[IRonMaN]

Splitting hairs again.

[George4Tacks]

Do split a with a clever cleaver?:rabbit:

[Accountant-Man]

Last time I checked,  both Sch C and Sch E income and loss flow to the QBI worksheet as long as you linked them to the QBI worksheet.

[bosch_jerry]

Having same problem.  Assume they will update software