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how do I input K1 information to get the qualified business income deduction
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The information will be on the K-1. If from a partnership K-1(1065) the information will be in Box 20. If it is from an SCorp K-1(1120S) it will be in Box 17.
To enter a K-1 in TurboTax
Solved: Where do I enter a K-1.
The QBI won't work until the 8995A is ready. https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_windows_individual.htm...
Forms 8995 and 8995-A, the forms used to to calculate the amount of QBID, are not final yet. TurboTax will update the program after the IRS finalizes their instructions. After that update you should see the QBID on your tax return and you will be able to file.
For current information on forms availability, please click on this link: Federal forms availability [Note: Forms 8995 and 8995-A might appear at the bottom of the list, not necessarily in numerical order.]
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