- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, there is a K-1 involved. It is for a partnership. The amounts on the K-1 are:
Row 1: 19,356
Row 14a: 19,356
Row 14c: 30,371
Row 19a: 19,237
Row 20, Code Z:
Ordinary income 19,356
Self-employment income 19,356
(The SSTB box is also checked yes on row 20)
The K-1 is the biggest part of my QBI, but I also have $8,279 of Schedule C income which is eligible QBI and is a SSTB. Both the K-1 income and the Schedule C income are getting the same calculation of QBI. I am attaching pictures of the Form 8995-A and the 8995A Schedule A smart worksheet from turbo tax. Thanks so much for your help on this.
Dave
March 16, 2021
1:02 PM