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Level 3
posted May 17, 2021 5:45:52 PM

QBI

I mistakenly entered QBI on my return and now I can get rid of it... can anyone help?

 

Thanks

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1 Replies
Expert Alumni
May 17, 2021 7:06:23 PM

It depends upon the type of income that you designated as QBI income.  

Go back to that section of TurboTax (under the Income & Expenses tab) and scroll down to select to edit/review that income section that needs to be changed.  You will need to go through all the screens for that income until you come to one that asks for either: 

 

1) If a rental property, then "Do you want to use a safe harbor to qualify for a deduction?"  On this screen and the next are where you would change your answers to remove the QBI deduction. 

2) If a self employed business, then to the screen "How much of your WORK took place within the United States?"  This screen and the next few all relate to the QBI deduction.