DavidS127
Expert Alumni

Investors & landlords

In TurboTax Online, go to the Deductions and Credits section, and at the bottom of the summary page click the "Wrap Up Tax Breaks" button.  Continue through the screen about Standard Deduction versus Itemized, and you'll get to a series of QBI questions.  Eventually you should get to an "Does this [business] share common ownership and is it eligible to be combined..." screen.  That is where you select to treat the businesses as separate.

 

If for some reason you do not get these screens, try this "manual" method in to “un-aggregate” your businesses in TurboTax Online: 

  1. Go to Delete a Form: In the left menu, select the dropdown arrow next to Tax Tools and then under that select Tools; in the pop-up window Tool Center, choose Delete a form.
  2. Find the QBI Component form for the aggregated businesses.  Delete that QBI Component sheet.
  3. Now, go to Review and start the review routine.
  4. You will have an error for each business that no longer has a QBI Component form.  For each of those businesses, you will see the “primary” form for that business (Schedule E). It will be highlighted for Question A in the Qualified Business Income Deduction Smart Worksheet.
  5. Double click in the highlighted Question A box, and you will get a pop-up asking you to link to a QBI component worksheet.  Create a new copy for that business (e.g., give it the name of that business).
  6. Continue until you have created a separate QBI component worksheet for each business that you do not want to aggregate.

You can perform this same "manual" un-aggregation in Forms mode of TurboTax Download/CD versions.

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