pcnyc
Returning Member

Investors & landlords

Capital loss is reported on 1040 line 7. I know capital gain/loss shouldn't affect QBI, so not sure why it's deducting it.

 

Do you know how TT calculates UBIA? I understand QBI is based on the lower of 20% from Sch C or UBIA, but can't figure out how it's calculating UBIA.