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After you file
If your S-Corp qualifies for the Qualified Business Income Deduction the information shows in Box 17 of the K-1 from your S-Corp. If you did not mark on your S-Corp return that it qualifies for the Qualified Income Deduction you need to amend your S-Corp return to have the information populate Box 17 on your K-1 and then you report it on your individual tax return.
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March 7, 2020
7:34 AM