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qualified business income
I have turbo tax premier disc version. When I report my sub S corp. income, it is not being adjusted by the qualified business income credit--the QBI form continues to show 0.
September 12, 2020
9:37 AM
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Does the K-1 you received from the S corporation have a figure in Box 17 with a V code?
September 12, 2020
9:40 AM
Anonymous
Not applicable
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if there is info in the k-1 under 17v look at form 8995/8995A and the QBI component worksheet to see the calculation. if nothing appears on the component worksheet, then go onto forms mode and check the K-1 to see if the QBI info was entered in section D1
September 12, 2020
12:16 PM