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    QBI on K-1 from Form 1065 - which line will it go to on K-1?

    Greta
    Level 9
     
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    TaxGuyBill
    Level 15

    The QBI calculation itself is not on the 1065 or K-1, it is on the 1040.

    Some of the information that may affect the QBI deduction (such as wages, qualified property, etc.) will be in Box 20 (codes "Z" through "AD").

    https://www.irs.gov/pub/irs-dft/f1065sk1--dft.pdf

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    3 Comments 3
    TaxGuyBill
    Level 15

    The QBI calculation itself is not on the 1065 or K-1, it is on the 1040.

    Some of the information that may affect the QBI deduction (such as wages, qualified property, etc.) will be in Box 20 (codes "Z" through "AD").

    https://www.irs.gov/pub/irs-dft/f1065sk1--dft.pdf

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    Marc-TaxMan
    Level 8
    Simplification!
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    George4Tacks
    Level 15

    All that is know is revealed at https://accountants-community.intuit.com/articles/1786756-proseries-simplified-worksheet-section-199...


    Answers are easy. Questions are hard!
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