ordinary income from 1120-s $72153.00 gross income is under $315,000.
I can't get the 20% deduction for qualified business income to flow through
the personal return .There are two other businesses that qualify for the
deduction on the return which total income of about $3,600.00.
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You need to enter all of the applicable QBI information on the K-1 worksheet on the 1040 and answer the questions correctly towards the bottom of the worksheet.
You need to enter all of the applicable QBI information on the K-1 worksheet on the 1040 and answer the questions correctly towards the bottom of the worksheet.
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