topic Is the 20% deduction for pass through corporation get calculated in the K1 form in Business & farm

Is the 20% deduction for pass through corporation get calculated in the K1 form

visko — Mon, 03 Jun 2019 20:31:37 GMT

Does the 20% deduction for pass through corporation get calculated in the K1 form

No, the calculation is not on the K-1. The calculation i...

TaxGuyBill — Mon, 03 Jun 2019 20:31:38 GMT

No, the calculation is not on the K-1. The calculation is done on your personal tax return (although the K-1 does contain some information which affects the calculation).

Thanks ... To project I used last years K1 information w...

visko — Mon, 03 Jun 2019 20:31:39 GMT

Thanks ... To project I used last years K1 information which may be the problem. Is there a major item that needs to be checked