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Level 2
posted Mar 22, 2022 8:26:52 PM

State IA 1040: line 32, Column B - flagged by Turbo Tax

Turbo Tax indicates that Column B (married filing separately) of my IA 1040 line 32, exceeds the amount of available adjustment.  It's a small amount, less than $15 on this line.  But I'm not sure what needs to change.  For line 32, it states this amount is 50% of the Federal Amount for Qualified Business income deduction, which I expect was transferred automatically from my Federal 1040.  Any guidance what I might be missing or need to check?

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1 Best answer
Expert Alumni
Mar 23, 2022 11:24:33 AM

If you are Married Filing Separately, then perhaps you have to adjust this deduction to your share.  See below for more information.

 

Federal Tax Addition and Deduction

Instruction Year

 

2021

Line 32

Enter 50% (.50) of the qualified business income (QBI) deduction claimed on your 2021 federal form 8995, line 15, or your 2021 federal form 8995-A, line 37, whichever is applicable.

 

Married Separate Filers:

Divide your QBI deduction based on ownership of the qualifying business or businesses that created the deduction.

 

https://tax.iowa.gov/expanded-instructions/qualified-business-income-deduction-2021

2 Replies
Expert Alumni
Mar 23, 2022 11:24:33 AM

If you are Married Filing Separately, then perhaps you have to adjust this deduction to your share.  See below for more information.

 

Federal Tax Addition and Deduction

Instruction Year

 

2021

Line 32

Enter 50% (.50) of the qualified business income (QBI) deduction claimed on your 2021 federal form 8995, line 15, or your 2021 federal form 8995-A, line 37, whichever is applicable.

 

Married Separate Filers:

Divide your QBI deduction based on ownership of the qualifying business or businesses that created the deduction.

 

https://tax.iowa.gov/expanded-instructions/qualified-business-income-deduction-2021

Level 2
Mar 25, 2022 11:31:35 PM

I think I have it tweaked to resolve the flag raised by TurboTax.  If I run into another related question, I will circle back and ask it later.  Thanks.