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Does TurboTax Business handle the qbi passthrough to K-1 for 2020? It didnt for 2019.

This for an S Corp
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Does TurboTax Business handle the qbi passthrough to K-1 for 2020? It didnt for 2019.

Yes, the program handles QBI as a pass-through on the K-1(s).

 

You must have missed the relevant screens in the 2019 product.

 

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2 Replies

Does TurboTax Business handle the qbi passthrough to K-1 for 2020? It didnt for 2019.

did you complete the QBI section in TT? perhaps there were reasons it didn't qualify.  we can't see your return 

so I suggest you try to find form 8995A and QBI component worksheet for the S-Corp.

 

also not sure what version you used in 2019. the online basic might not support the QBI calc.

 

Does TurboTax Business handle the qbi passthrough to K-1 for 2020? It didnt for 2019.

Yes, the program handles QBI as a pass-through on the K-1(s).

 

You must have missed the relevant screens in the 2019 product.

 

1.png2.png

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