Business & farm

@pencil123 - No your distributions in box 16 code D should be gross distributions.

 

There are many factors in calculating the QBI and many of those factors are not provided in your facts. 

  • Are you a specified service trade or business
  • Wages paid to yourself
  • Overall taxable income
  • Etc

Additionally, this calculation is really outside the scope of being able to determine in a forum such as this.

The ordinary distribution should not impact your QBI calculation.  Take a look at the worksheets for this and also the form 8995.  Did you accidentally reflect this as a dividend somewhere? 

Also keep in mind that this is early in the season for software providers such as TT and, in general, not everything works as it should.  No question that this is not a new item, but sometimes things go awry.  Make sure you have the latest version.  Depending on what version you are using, you may be able to get technical support from a TT representative.

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.