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Business & farm
I appreciate the response I was looking at my last year’s tax return on TurboTax business for corporations and in the K1 under 17 (Z code) it had my amount listed for QBI. This year the business corporation K-1 is not populating the amount when I elect the QBI. I don’t know if TurboTax needs to do an update to the business corporations or no. I did not change anything and I attempted to redo my taxes and it’s still not populating. So my K-1 is not reflecting the QBI from the corporation PARTNERSHIP return that is why it’s not showing up on K1 thus I cannot enter an amount in my personal tax return to take the deduction.
January 30, 2020
5:15 PM