I'm working on 1120S for a SubS corp for 2021. Granted, I'm behind. Trying to understand the handling of Qualified Business Income. The return is for a health care service corp, i.e. an SSTB and recorded as such in TTax. It's my understanding that SSTBs are specifically excluded from eligibility for the deduction. Why is TTax even calculating 199A Act Wks and Statement A?
I also complete the owner's (my wife's and my) 1040. My wife is 100% shareholder in the SCorp and we have no other business income or, in our case, loss.
TTax has various calculations related to QBI in QBID in both the 1120S and the 1040. I believe this to be due at least in part to my responses to the "Step-by-Step" but possibly also one or more inappropriate form entries. Ought I not just ignore everything about the QBI and QBID?
