topic Qualified Business Income Deduction not Showing up on K-1 in Get your taxes done using TurboTax

Qualified Business Income Deduction not Showing up on K-1

nathansnewman — Mon, 23 Feb 2026 13:42:12 GMT

The software asked me information about the QBI but when it prints the K-1 form, it does not include any QBI deduction.

What's going wrong? Can I edit the K-1 to add the QBI myself?

Nathan Newman

Re: Qualified Business Income Deduction not Showing up on K-1

Vanessa A — Wed, 01 Feb 2023 16:59:44 GMT

On the K-1 you will only see code z in Box 20.

Your QBI deduction, will happen on your personal return instead of your business return. You will see the deduction on line 13 of your 1040.

Re: Qualified Business Income Deduction not Showing up on K-1

Mike9241 — Wed, 01 Feb 2023 16:59:45 GMT

the qbi deduction does not show on the k-1. it's only computed at the personal level after entering the QBI info on the k-1 into Turbotax for your 1040 .

up to 3 items may be reported (box 17 S-corp, box 20 - - 1065)

they are

1) your share of QBI income/loss (always)

2) your share of wages

3)your share of the unadjusted basis immediately after acquisition of qualified property (UBIA)

note that Turbotax does don't use the boxes 17/20 there are special lines for entering the data

in forms mode section d1 of the k-1 the actual computation is on one of the 8995 forms. don't override unless you want to file by mail.