Returning Member

posted Apr 25, 2021 12:53:20 PM

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 Replies

Expert Alumni

Apr 30, 2021 8:39:25 PM

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.