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QBI Deduction
This year Turbo Tax is returning a zero QBI deduction vs the 20% deduction in 2019 married & Joint both years
Related facts 2019 2020
AGI 289K 246K
from Sub S KI
income 71K 25K
salaries 98K 102K
turbo tax caclulated
QBI decuct 14K zero
both years active participant and at risk
The turbotax "Qualified Business Income Component Worksheet" brings forward a -18 QBI and the 102K Wages .... any thoughts on how TT calculates the -18 QBI?
March 31, 2021
11:58 AM