Information for calculating the Qualified Business Income (QBI) deduction should be included in a Statement A, attached to your K-1. It is also include in Box 20 of a K-1 for a partnership with code Z.
If you don't have Statement A, the QBI Passive Op Loss is the figure listed on line 1 or line 2 (if real estate) of your K-1 if:
- It is a negative number; and
- The material and active participation boxes are not checked.
Otherwise, leave the answer field blank.
