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Get your taxes done using TurboTax
the qbi deduction does not show on the k-1. it's only computed at the personal level after entering the QBI info on the k-1 into Turbotax for your 1040 .
up to 3 items may be reported (box 17 S-corp, box 20 - - 1065)
they are
1) your share of QBI income/loss (always)
2) your share of wages
3)your share of the unadjusted basis immediately after acquisition of qualified property (UBIA)
note that Turbotax does don't use the boxes 17/20 there are special lines for entering the data
in forms mode section d1 of the k-1 the actual computation is on one of the 8995 forms. don't override unless you want to file by mail.
‎February 1, 2023
8:59 AM