JamesG1
Expert Alumni

Business & farm

Try these steps.

  • At the screen Enter Box 20 info, you likely need to select code Z Section 199A information
  • Enter the Box 1 value.  Click Continue.
  • At the screen We need some information about your 199A income, you will likely need the following information:
  • Ordinary business income (loss) from this business,
  • W-2 wages (if you have any to report),
  • UBI of qualified property for this business.

Enter these values for the qualified business income deduction to be calculated.

 

Since box 1 is negative, there will be no QBI deduction unless there is QBI somewhere else in the tax return.

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