I have W2 and K-1 income from my S Corp (both amounts are in the K-1 under #17). I got the QBI credit for the K-1 income, will I get the QBI credit for the W2 income?

[jenningshoover]

I input the W2 income as just that ... W2 income, but it did show up in the K-1 under #17 as W.  I'm wondering if I should add it instead under the "Business items, Schedules K-1" to get the QBI deduction for the W2 income?  Or, does it not qualify for QBI?  And, if not, why does the K-1 income qualify but the W2 income doesn't?  

[DanielV01]

No, wages do not qualify for QBI.  But knowing the amount of wage income paid by the S Corp can be important to determine how much S Corp income (the lower between K-1 Box 1 and K-1 Box 17 Code V), can be used for the Section 199A QBI deduction.  This is especially so if your income as an individual is above the phase-out threshold.  Above this threshold, and in particular if your business is not an SSTB, knowing how many wages the S Corp paid can help determine the amount of the deduction.

It is a very complicated formula, but if you want more information on this, this FAQ explains in more detail  (click on View the entire answer, and then the embedded link  How is the deduction calculated? (Not for the faint of heart!):  https://ttlc.intuit.com/replies/7019998 

[marketplay1]

I am single and above the income threshold, S corp Income and W-2 wage. How do I get the W-2 wage into the QBI calculation?