Getting error for QBI : Your calculations could not be completed. Reference code : 8-312-029 How to fix this

[AliciaP1]

Can you clarify where you are seeing this code?

[knjwarren]

I have the same issue.. Shows up during the federal review

[AliciaP1]

You may be getting this code fi you have QBI loss carryforward entries from 2020.  There is a known issue that will be corrected with a release on 04//08/2022.  

@knjwarren

[frustrateduser17]

I'm still getting the error at federal review time. Any other thoughts?

[woodyzhou]

I am getting the same issue on Turbotax online. Already paid for the software but can't e-file

[heather100]

I am getting this message and cant file my taxes. 

[heather100]

Same issue! I'm on hold now with  Intuit/Turbo Tax to figure out the issue. Call [phone number removed] 

[heather100]

Go delete the QBI worksheet and that fixes the issue. 

[woodyzhou]

Which QBI worksheet exactly 

[heather100]

I just filed so I can't see it but on the left side, go to all of your worksheets and it says something about QBI and I only had one. Intuit had me delete it and then the error message went away.  

Call Intuit if you need help at [phone number removed]. They had to transfer me to 2nd level support as this is  new error code. 

[ddragon1_ny]

Heather100 - thank you so much!  I was able to google the reference code and found your solution.  My client had 7 QBI entries for different items, but I just deleted to Worksheet encompassing all of the items and everything went smoothly from there. 

Thanks again for your solution!

Debbie D.

[rajashri75]

Is it right thing to do - deleting the QBI work sheet ? I also got the same error code. I removed the QBI worksheet and I am ready to file. I had W2 + Sole proprietorship 1099 (Misc + NEC) income. Both 1099 Misc and NEC are for same business. After few questions, turbotax software indicated that I qualify for QBI. 

[AliciaP1]

If you qualify for the QBI deduction, you should not delete the worksheet as that will eliminate your deduction.  You likely just need to revisit the QBI income questions in the interview process to clarify your inputs so TurboTax can accurately calculate the deduction.

To review the QBI entries in TurboTax Online you can follow these steps:

1. Open or continue your return in TurboTax
2. Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
3. Click Edit next to the line of work you need to change
4. On the Here's your XXX info screen scroll down to the Business Summary section and click Details for Qualified Business Income
5. Proceed through the interview

@rajashri75 

[rajashri75]

Thank you for sharing your expertise. Because I had deleted the QBI worksheet form. I cleared all the forms, and reworked as fresh start for filling from beginning. I completed everything but this time, I did not get any question on QBI worksheet related queries