
Anonymous
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Business & farm
Thanks for confirming @Anonymous_. I'm using Deluxe for my personal portion. I didn't get Business this year because what I am doing is so basic it takes about 10 minutes to fill out the 1065.
If anyone knows of a location with a generic QBI Statement template, I would REALLY appreciate it.
And can anyone else confirm my interpretation is correct on section 179?
I found this: https://www.irs.gov/pub/irs-utl/2018ntf-pros-and-cons-of-full-expensing-and-section-179.pdf and it notes: "Code §179 reduces taxable income and therefore amount eligible" which I translate to mean that it reduces your ordinary income...
for the QBI.
February 20, 2020
4:30 PM