Business & farm

Thank you. That was helpful.

 

My error was when I got to the We need some information about your 199A income, I did not select the first box LLC has business income (loss). I thought that I had entered the ordinary business income (loss) on a previous page and that was sufficient.

 

After checking the box and entering the income amount, the correct QBID was calculated. Previously it was only $138, which seemed clearly erroneous to me.

 

However, I still have a remaining question. On the We need some information about your 199A income, I entered three out of the four amounts in Code V section. Do I not need to entered the Unadjusted Basis amount?