@nexchap I'm very slow today. I don't understand this statement:
"On the QBI portion you asked Mike about, TT is convoluted. The form asks for 'Ordinary business income", and then further down it asks "Total ordinary Form 4797 gain included above. People can accidentally just put the 20Z value on that first line, but it needs to be 20Z + 20AB so that you can then report 20AB again on that later line."
I have multiple questions:
- What do you mean by the "QBI" portion?
- When you say the forms "asks for 'Ordinary business income'", do you mean Box 1 info or something else?
- I cannot find anything within the TT Q&A that asks "Total ordinary Form 4797 included above". Where do you see that?
TIA in advance for your patience and further help.
