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Get your taxes done using TurboTax
I hope someone could answer my question.
In K 1 interview towards very end it is asking,
Q asked is My taxable income might exceed $170050. What is implication of this number? Which line item of 1040 is taxable income? Is this threshold for QBI deduction?
In 2019 or 2020 or 2021 did you have any activities on your return that were classified as SSTBs or had income attributable to SSTBs?
I intend to file trader (without 475 election) for year 2022. I guess answer to above question is NO. as I did not see any question for year 2022?
‎October 3, 2023
8:31 PM