20% Pass Through

[Jeff9]

I am using PC version of TT Home & Business, which I have been using for over 10 years.

We have Qualified Business Income (QBI) and should be getting the new 20% pass through deduction for the Schedule C income.

I have entered all Schedule C income (my wife) as well as all wage income (me) and am not seeing the deduction happen anywhere. Total income is below any phase out.

As far as I understand it the amount should appear on Line 9 on the 1040, but that is currently showing 0.

Am I doing something wrong? Or does that deduction need to be entered manually?

I have seen no new questions in the step by step to suggest that TT is in a position to actually consider the deduction?

[Country Apple]

In order for the QBI deduction to appear, you have to make sure you’ve answered the business participation questions properly.  It’s been calculating it properly for me.

[HydroSci]

In TT Business I cannot figure out how to complete a 1065 partnership K-1 and get the QBI without increasing the capital accounts and balancing schedules L and M-1 M-2 etc.  (husband and wife LLC)

First: If I report bus income to Line 1 - Ordinary Business, then it accumulates automatically in the capital accounts.   However, because it was paid out to the partners (husband and wife - two partners) the capital accounts should not accumulate income.

Second: I also want to distribute the income unevenly, even though the profit percentages are 50% for the two of us.  In the past CPAs have done this with a statement explaining the distribution as "proportional share of aggregate".  Is it O.K. to override the defaults and do that?