I have reported payroll W2 wages in TT business. In the end, TT Business gives me an opportunity to adjust wages for Section 199 (QBI).
Question:
- Should i leave the TT recommended W2 wages for QBI
- Should I add my personal 401k contribution to W2 wages and report that?
- Is there anything else that i can add to W2 wages
As per my understanding, there are 3 calculation methods available, but the differences between them are not clear. Can somebody give an example of three methods (unmodified box method, modified box method etc.) using a sample W2? Which is the preferred method?
Until last year, i left the wages to be the same as what TT business recommended with no adjustments.
Thanks
Hash
