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Get your taxes done using TurboTax
The QBI form is currently expected to be released on Feb 5, 2020. Once it is released, Turbo Tax will work quickly to get it into the program. You can check the form 8995 listed near the bottom for updates at this link.
Once incorporated, TurboTax Deluxe will calculate the qualified business income deduction (QBI) from your K-1 entries.
If you are reporting income from a partnership K-1 schedule (form 1065), then you would need an entry in box 20 with code A, AA, AB, AC or AD of the K-1 schedule to qualify for a QBI deduction. If you are reporting income from an S corporation (form 1120-S), then you would need an entry in box 17 coded "V". It is possible that the income reported to you does not qualify for a QBI deduction.
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‎January 22, 2020
1:27 PM