ThomasM125
Expert Alumni

Business & farm

If the income reported on the schedule K-1 is minimal, as you indicate, the qualified business income (QBI) will not have a significant impact on your tax return so you could leave the box 20 entry off your return. You can try deleting the line 20 entries and deleting the check mark for box 20 in the early stages of the K-1 entry. If that doesn't work, you can delete the K-1 entry and re-enter it and skip the box 20 entries. It may just prevent your tax from being reduced by a minimal amount.

 

@goodhobbit

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