topic QBI deduction not being calculated - K1 from partnership (1065) in Deductions & credits

QBI deduction not being calculated - K1 from partnership (1065)

songgong — Sun, 06 Sep 2020 15:40:35 GMT

My QBI deduction not being calculated at all. I received a K-1 from my partnership. While filing my 1040, it's not calculating any qbi deduction.

Anonymous_ — Sun, 06 Sep 2020 17:13:04 GMT

Does your K-1 have a figure in Box 20 with a "Z" code?

Anonymous — Sun, 06 Sep 2020 20:01:08 GMT

if it doesn't have info for 20Z there is no QBI. if it does there is a separate section on the K-1 worksheet where the QBI info must be entered.