DianeW777
Expert Alumni

Get your taxes done using TurboTax

TurboTax will calculate once the information is entered in the K1. Those are the QBI questions that must be completed with your Statement.  Watch the screens to enter any wages or unadjusted basis immediately after acquisition (UBIA) that is provided and TurboTax will calculate your qualified business income deduction (QBID). 

 

Follow the steps provided by @TurboTaxVal to complete your entry.  If you do not have a statement you must get the information from the preparer of the K1.

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