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posted Sep 12, 2020 9:37:02 AM

qualified business income

I have turbo tax premier disc version.  When I report my sub S corp. income, it is not being adjusted by the qualified business income credit--the QBI form continues to show 0.

0 2 211
2 Replies
Level 15
Sep 12, 2020 9:40:42 AM

Does the K-1 you received from the S corporation have a figure in Box 17 with a V code?

Not applicable
Sep 12, 2020 12:16:33 PM

if there is info in the k-1 under 17v look at form 8995/8995A and the QBI component worksheet to see the calculation. if nothing appears on the component worksheet, then go onto forms mode and check the K-1 to see if the QBI info was entered in section D1