Re: QBI

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

Thanks

posted

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.

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