Skip to main content
Level 1
June 1, 2019
Question

I do not see an "Activity Name" on the K-1, I received. I also do not know why the box that says Is this activity a qualified trade or business is checked

No text available

1 reply

Alumni - Intuit
June 1, 2019

TurboTax will assign the activity name based on what is entered.  This is usually seen in state returns.

The box, activity a qualified trade or business, is checked to indicate that the business is eligible for the Qualified Business Income Deduction.  This is computed automatically by TurboTax.