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carrgdjj
New Member

Is the incorrect calculation of Qualified Business Income Deduction by not including the Section 199A PTP income from a K-1 a known issue?

The calculation of the deduction did not include the Section 199A Income which was reported on Line 20Z1 from a K-1.
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1 Reply
JamesG1
Employee Tax Expert

Is the incorrect calculation of Qualified Business Income Deduction by not including the Section 199A PTP income from a K-1 a known issue?

If your tax return is not calculating Section 199A information in the calculation of the Qualified Business Income Deduction, has Section 199A income information been entered at the screen We need some information about your 199A income?

 

Click on the boxes to the left of the items to open up the entry boxes.

 

Enter the Section 199A information provided with your K-1 information.

 

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