Level 2

S-Corp income reported on 1040 schedule C or Schedule E? My S-Corp K1 information is showing correctly on Schedule E but I am not getting any QBI. Very confusing..

New Member

Business & farm

In order for SCorp K-1 income to be included in QBI calculation, there must be amounts in Box 17 with codes in the V to Z range.  See the Box 17 code explanations attached below.  In addition,  you must get all the way through the K-1 entry for the QBI deduction to calculate.

The QBI is a personal income tax deduction and will be reported on line 9 of the 1040 form.

Here is more information: