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Business & farm
Not sure whether you are referring to partnerships (Code 20) or Sub S (Code 17), but the screen entry is the same.
At the screen Enter Box 17 info, select code Z Section 199A information. Click Continue.
At the screen We need some information about your 199A income, you will likely need the following information:
- Ordinary business income (loss) from this business,
- W-2 wages for this business, and
- UBI of qualified property for this business.
Enter these values for the qualified business income deduction to be calculated.
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March 18, 2024
12:22 PM