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Get your taxes done using TurboTax
The QBI questions appear at the end of the Schedule K-1 interview, after you have entered the boxes listed on the K-1. Eventually you'll come to a page "We need some information about your 199A income." Check the box for business income, Section 1231, and UBIA, which opens boxes for you to enter the amounts shown on Statement A.
Be sure you check Box 16 for Schedule K-3. How you enter the information from this schedule depends on your tax situation. The info typically applies to foreign partners or those with other foreign income.
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March 19, 2024
11:43 AM