- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Qualified Business Income Not Included on Form 8995
I have income from a K-1. It includes income in box 1, distributions in box 19, and box 20. Box 20 (in a statement) lists the same amounts as box 1 in the category Ordinary Business Income and lists W-2 wages. On form 8995, the Qualified Business Income attributed to the entity that issued the K-1 is 0. I had similar information last year (2019) and received the Qualified Business Income deduction for the income associated with this entity.
Is there an issue calculating QBI in the 2020 edition?
Topics:
‎January 18, 2020
2:14 PM