And none of the posted solutions work (such as checking Box 17). What am I supposed to do? Right now I will end up paying 20% more in taxes because TT software is not working correctly. I am so desperate that I will probably just override some settings if I can't get any help. Been on hold for over an hour!
My wife and I own an LLC and TT Business has already generated K-1s for both of us. But when I try to open up the QBI worksheet it says that I don't qualify for the deduction. Yet the IRS website makes it quite clear that I do.
In order for QBI to calculate on income from a K-1, you have to enter the details from box 20, such as code Z. Without these boxes being completed, the program has no way of calculating your deduction.