katie243
New Member

QBI Credit

Where do i enter the sale of grain to an ethanol plant in Turbo Tax so that the dollars of that sale are included in the Qualified Business Income calculations in Turbo Tax. Turbo Tax uses forms 4835 and schedule E as i am a crop share renter with no participation in the farming operations. If i enter these dollars anywhere but the section for 1099 PATR entries, TT will not accept QBI entry, saying it exceeds the amount allowed. Does income from grain sales to ethanol plants not qualify for this deduction. The ethanol plant does not issue a 1099.

Thanks. Tom