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Get your taxes done using TurboTax
TurboTax does compute the QBI deductions from K-1s. If you manually override the forms, you will not be able to e-file and you void the accuracy guarantee. As long as you have the code I in Box 14, the QBI will be generated. There are a few questions that need to be answered in addition to using the Code I entry on the K-1. Type qbi into the search bar and use the Jump to qbi link to be taken to the follow-up questions that need to be answered to generate the deduction.
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March 5, 2020
3:51 PM