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Get your taxes done using TurboTax
I noticed that Section 751 income doesn’t appear anywhere in the 199A worksheet in Turbotax. Is this an oversight? You’re able to enter it in the Box 20 information section, but it doesn’t appear to do anything with it. It doesn’t show up in the QBI deduction worksheet or the Statement A worksheet, or anywhere else that I can see. It’s like the number just disappears. Has anyone else noticed this?
So, how should we get credit for the 751 income for 199A purposes? Should we add it on to the Ordinary Business Income line in the 199A worksheet as a workaround?
May 22, 2024
5:50 PM