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Daddio253
Returning Member

K1 Income not showing as QBI

I have a K1 from an S Corp that is not a SSTB.  I have put all the info for each box into TT, including Box 17 V.  TT is not showing any of that income as Qualified Business Income.  I cannot figure out what I am missing.  All the posts that I can find on the topic suggest fixes I have already tried.  

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1 Reply
AmyC
Expert Alumni

K1 Income not showing as QBI

Is your income over the QBI limit?

  • Married Filing Jointly Threshold: $326,600, Phase-in Range: above $326,600 up to $426,600
  • All others Threshold: $163,300, Phase-in Range: above $163,300 up to $213,300

See  Section 199A - Deduction for Qualified Business Income FAQs for more. Maybe something in there will strike a connection to help.

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