There would not be any QBI calculated as code AD (Section 199A PTP income) is zero on your K-1. The QBI related codes are Z-AD from box 20 on your K-1. If those codes (see below) are not on your K-1 in box 20, the deduction will not calculate in TurboTax. The following information is required for the QBI deduction.
- Z Section 199A income
- AA Section 199A W-2 wages
- AB Section 199A unadjusted basis
- AC Section 199A REIT dividends
- AD Section 199A PTP income