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Business & farm
I am using TT business to do the 1065 and K1s. Before I finalized the forms I wanted to make sure that I had everything right. I did remember reading that in order to take the QBI there had to be something documented on the K1 which is why I was checking to make sure that was correct before finalizing and transmitting
What I'm not 100% about from the answers I've gotten is whether the actual 20% QBI will be calculated and documented on the k1 itself, or if it just needs to have the Z designation on that line and then the TT home and business program I'll be using the file our personal taxes will do that calculation there.
‎January 23, 2022
6:40 PM