RobertG,
Can you help me understand this? I have a loss from 2018 of (71,103). For 2019, on the QBI Deduction Summery Schedule, Line 2 there is a positive 96,827. Line 6 is checked [Simplified Computation (Form 8995) and the following line 7 contains 5,145.
Schedule C, line 31 shows a Net Profit of 120,799 -> 80% of which is 96,639 - suspiciously close to the above 96,827, but maybe pure coincidence. That 120,799 made it all the way into my 1040 and later on line 10 here comes my QBI deduction of 5,145.
I’m really lost.
Chuck N+13
