QBI Credit not generating for second K-1 from same company

Forum|Forum|1 month ago
July 20, 2026
7 replies
110 views

I am preparing a joint tax return for my wife and I. She owns 55% of a company, I own the other 45%. When I entered the K-1 info for both of us, only my k-1 generated a QBI credit. Both K-1's came from same company.

Both K-1’s show wages paid.

Other

M-MTax

Level 15

Ensure that you have indicated that both you and your wife materially participate.

Kurt_RAuthor

Level 2

I have done that

Kurt_RAuthor

Level 2

I made sure that both K-1’s were entered identically except for the proportionate amount of $$ for the various entries

VolvoGirl

Level 15

I don’t know about K-1s but check if you need to select which spouse when you enter it?

M-MTax

Level 15

Can you post which lines of your K-1s are populated with figures?

M-MTax

Level 15

You should have a figure in Line 20 of your K-1s with a Z code.

Kurt_RAuthor

Level 2

Turned out that the step by step guide skipped the section for adding statement A entries. I removed the K-1 that was not generating a credit and re-added to force the system to re-start the step by step guide. Second try on the K-1 picked up the statement A entries and problem was solved.