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Get your taxes done using TurboTax
I am providing information regarding the Qualified Business Income (QBI) deduction in general as I am unable to see your actual Schedule K-1 and TurboTax input.
When looking at your individual situation, please keep in mind that the QBI deduction is calculated differently based on your taxable income. In addition, at higher income levels, the deduction may be reduced or eliminated.
Here is a link to information and a video on how to input the information from your K-1s. As you feel a number is being doubled, please double check your input to be sure the data was not entered twice.
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‎September 25, 2024
2:52 PM
12,745 Views