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Business & farm
Thanks, Patricia
I get it that the number the number on Statement A is Ordinary Business Income - our QBI --and the number on line 20 is Interest - which is not part of QBI. My question is why? Why isn't the number on line 20 the QBI?Could you find someone who can explain why? Is it just a program bug?
I also get what the X stands for. However, we don't have any "Payment Obligations including guarantees and DROs" and I must assume that is why there is not a supplemental information sheet either. (Or at least I can't find one. None prints with the K-1, nothing shows up in the left column under forms, and none show up in a search of forms.)
So my question is similar to the one above. If we have none of what code X stands for, why is there something on line 20? Again, can someone explain why it is there, or just tell me it's a program bug?
I guess my questions both boil down to "why."