JamesG1
Expert Alumni

Retirement tax questions

You are entering information that may qualify you for the Qualified Business Income Deduction.

 

"Non-STTB" sounds like qualified business income (that is not from a specified service trade or business).

 

"Section 199A unadjusted basis" is the unadjusted basis of qualified property held by the corporation.

 

Enter both figures as reported on the K-1.  Hopefully, you will qualify for a deduction from your taxable income.

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