Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Jan 28, 2022 9:05:49 AM

Turbotax only not including W2 Wages in QBI (real estate broker)

TT online is calculating a deduction exactly equal to 20% of ordinary business income and thus is excluding W2 income. I see that the K-1 S Corp is not yet ready to file, so maybe TT just isn't handling this correctly yet, but I want to make sure this isn't something TT needs to fix.

0 1 206
1 Replies
Level 15
Jan 28, 2022 5:25:28 PM

sorry.  wages taken out of an S-Corp do not qualify for the QBI deduction.