turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

songgong
New Member

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

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. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

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

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

Anonymous
Not applicable

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

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. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question