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I get my income as a K-1 and want to get the QBI deduction. How do I do that?

 
1 Reply
maglib
Level 10

I get my income as a K-1 and want to get the QBI deduction. How do I do that?

Go to the search box and type QBI deduction and it should offer you the option to jump to that section of the interview.

In TT home & Business Go to personal, personal income, business investment..., update your K-1 and answer until you come across "check boxes that have an amount" and check box for line 17 and I entered code V and the entire amount on line 1, which in the case was all eligible for the 20% exclusion. 

**I don't work for TT. Just trying to help. All the best.
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