QBI

[psv]

I am using TT Premier for the first time. Our accountant retired and I am trying to do our taxes. We have a K-1 from a real estate rental company my wife inherited from her dad. Our Accountant has always taken a QBI deduction for this but we do not have code Z in box 20 or a Section 199A statement. The tax person for the S corporation says the business qualifies and those things should not be necessary. Is there a way to get TT to include this income on the Schedule E?

[Mike9241]

there is no box 20 on an S-Corp K-1. the QBI info should be in box 17. if it isn't there the S_corp has made a determination that it's income is not QBI. you can not change this,  if it is QBI, the S-corp needs to file amended returns.

[psv]

Sorry, I was getting tired and mistakenly said S-corp. It is a partnership K-1 not an S-corp