- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Idaho Form 43 Line 40 Qualified Business Income Deduction not calculating correctly
I have a rental property in Idaho (TX resident) and the QBI from my federal return shows $12,604, however, TT is not populating that line from my federal return. I can manually override line 1 on the related QBI Deduction Worksheet to $12,604, but line 2 is not editable nor does TT automatically populate it for me.
Is this a bug or am I not understanding this calculation/eligbility correctly? I had this same property in 2023 and the income is roughly the same as 2024. My QBI Component from my federal return worksheet is $2,095 if that has any significance. The only thing that changed in 2024 is I sold some stock and had a 25% increase in income from capital gains.
March 24, 2025
6:43 PM