QBIC - when will form be added to program?

[suesue1]

When will the form be released for the Qualified Business Income Credit?

[abctax55 · Accepted solution]

Just a comment..it is NOT a credit. It's a deduction.  There IS a difference. 

[suesue1]

So right. Credit would be so much better though

[garman22]

You will have to be A LOT more specific with this question. Are you talking about in relationship to C, E, F, K-1's? 

[suesue1]

Sorry - Schedule C and E

[IRonMaN]

I'm told that it does exist but you need to double click near the bottom of the form to turn it on for schedule C.

[garman22]

Yes, they both are active and working. You will head way to the bottom and answer specific questions to the biz and as @IRonMaN states.....dbl click and your QBI will calculate. E works same.

[suesue1]

Oh wait - I think I accidentally found it - form 1040 line 9

[garman22]

Yes, that is where the credit will appear once you've linked your biz.:smile:

[suesue1]

Thank you. Found it!

[garman22]

You bet!

[suesue1]

If there is a monitor/moderator on this site can you please tell me why a couple of my reply comments have been rejected with the statement "account being reviewed for possible violation of terms of service"?
Why? Didn't say anything objectionable that I can think of. Honestly, why the rebuke????

[IRonMaN]

Sometimes the site gets funky if you post a number of times in a shorter period of time ——— it mistakes you for spam —— and not the Hormel kind of spam.

[taxiowa]

Good question suesue.  This is the 2nd instance of account being reviewed I have heard of in the last couple days.  Thanks for visiting though.  I will see if someone is listening.
@Ashley at Intuit (aka Henry Jr)

[IRonMaN]

I’m listening :smile:

[suesue1]

Hahaha - probably right. I was pretty busy on here today. Frustrated a lot.

[suesue1]

Thanks to you all. Good group!

[taxiowa]

Once you are singled out for abuse I don't know how you got out of it suesue.  That was awesome.