Does Turbotax calculate QBI Carryforward amount from a K-1

[user17741989080]

I have a QBI carryforward from a MLP K-1.  H&R Block's software cannot do this calculation, so I have to throw away the H&R Block program and start over.  Does Turbotax do this calculation?

[Mike9241 · Accepted solution]

yes provided you correctly enter the information. On line 20 of the K-1, enter the QBI income or loss. This prompts Turbotax to ask for all the items that might be needed to compute the QBI

you need the online premier version or any desktop version (w11 required). the othe ronline versions do not handle qni or even k-1's

[user17741989080]

Thank you Mike, that's really helpful.  And I agree with your meme, you *are* a Champ!