Is the data from 199a exporting to 1040

[Tax4748]

line 20 code z data from k1 not transferring to 1040

[Just-Lisa-Now- · Accepted solution]

Not yet!   Scroll through previous questions, been asking about at least a dozen times, everyone is waiting anxiously!

[IRonMaN]

I believe a dozen plus 1,575,575 times or so.

[Tax4748]

Does it transfer if it is a specified service trade?

[garman22]

shouldnt be transferring at all. We are all awaiting with bated breath for PS to update K-1 QBI.

[abctax55]

  (bated breath... ):fishing_pole_and_fish: :smile:

[Tax4748]

thanks much...I could not find info on the K-1 QBI update

[Marc-TaxMan]

it updated today and works.  Line 20, code Z populates the QBI worksheet at the bottom of K-1P.  some Qs to answer; then 2x click line L at bottom

[DAllen]

The K-1 information for 199A from an 1120 S is not flowing to the 1040 return.