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Level 2

Solved

Just want to confirm that as of 1/27/19, TT Online did not have the functionality to calcuate QBI. I'm 99% certain we qualify but don't see the calculation in TT

Forum|Forum|7 years ago
June 6, 2019
5 replies
27 views

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TurboTax Premier Online

Best answer by dmertz

The testing that I've done with the latest release (R14, 1/24/2019) seems to show that the functionality is there and that TurboTax is calculating QBI for all three types of pass-through entities. However, TurboTax is still treating any tax return with a Schedule K-1 entry as not yet ready for filing.

Previous releases of 2018 TurboTax did not create all of the linkages necessary to calculate QBI, so if you entered self-employment income or a Schedule K-1 using an earlier version of 2018 TurboTax, you likely need to go back through all sections related to the entry of the information regarding the pass-through entity so that the proper linkages will be established.

dmertzAnswer

Level 15

The testing that I've done with the latest release (R14, 1/24/2019) seems to show that the functionality is there and that TurboTax is calculating QBI for all three types of pass-through entities. However, TurboTax is still treating any tax return with a Schedule K-1 entry as not yet ready for filing.

Previous releases of 2018 TurboTax did not create all of the linkages necessary to calculate QBI, so if you entered self-employment income or a Schedule K-1 using an earlier version of 2018 TurboTax, you likely need to go back through all sections related to the entry of the information regarding the pass-through entity so that the proper linkages will be established.

Level 2

I did input code V box, but my 1040 still shows empty on line 9. Can you please tell me why?