@ThomasM125 bug in program see last line in this thread
@dc20222023 MTM income under IRC 475 is not reported on schedule C but in part II of form 4797. thus schedule C only shows trading expenses.
for QBI if you're using desktop Turbotax go to forms mode
1) Scroll down to the section of Schedule C, named "Qualified Business Income Deduction Smart Worksheet".
2) Go to line "F2, Adjustments to qualified business income".
3) Type the amount of the MTM income/loss from 4797, into this adjustments field. The income should now appear in the associated QBI worksheets and calculations.
in online
wages and income
business items under this
business income expenses click on the start or update icon to the right
then next page click on edit
you get to a screen about QBI so check yes, then continue
you get to a page that says uncommon situations
check the box that the income needs to be adjusted
enter the 4797 amount
BUG this puts the amount on E2 when it belongs on F2 but the QBI calculation is correct
