I have one k-1 form for a publicly traded partnership that reported a net loss. It has several amounts in box 20 (section 199a PTP income, excess taxable income, gross receipts and current year federal bonus amount), all of which are positive except for section 199a PTP income. My question is related to the QBI that was calculated automatically in the deductions section. It is a positive number and it doesn’t seem to depend on the numbers that I entered in box 20 (I was playing around with them to see the impact). I would appreciate it if you could help me to figure out where this amount for QBI comes from.
