Not sure about an LLC. Look at Line 9 form 1040 which is your Qualified Business Income. On your Form Schedule 1 form 1040 an amount was calculated on Line 36. The amount from Line 36 was subtracted from Line 6 Form 1040. This is the amount on Line 7 Form 1040. If Line 8 Form 1040 is greater than Line 7, your QBI is $0. I think this is a correct calculation for 20% pass through. If not, someone please correct me so I can amend mine. People talk about K-1 but not sure what that is. I filed 1099 self employed with some W2 income
