kempcon1
New Member

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."