Qualified Business Income Deduction

[johnnymikeg]

I don't see "ordinary" business income on Form 8995.  It shows the qualified business income but only shows it as a small number and does not show my total income (guaranteed payments/self-employment earnings). 

[Anonymous_]

You might have to contact Support as no one can see your return.

Did you insert the figure in the box shown in the screenshot below?

[johnnymikeg]

I did insert the figure where shown.  But I don't believe I inserted any other figures.  Should I insert my guaranteed payments figure in the "other income" box?

[Anonymous_]

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@johnnymikeg wrote:

I did insert the figure where shown.  But I don't believe I inserted any other figures.  Should I insert my guaranteed payments figure in the "other income" box?

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I have a test return with a K-1 (1065) entry and it worked for me. I'm just not sure what's happening in your case. 

I'm getting the deduction after entering a figure in the ordinary business income box.

[johnnymikeg]

I entered my guaranteed payments in the "other income" box and I got the deduction.  

[Anonymous_]

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@johnnymikeg wrote:

I entered my guaranteed payments in the "other income" box and I got the deduction.  

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I'm glad it worked for you. I did not enter anything for guaranteed payments and I got the deduction. Strange.

[johnnymikeg]

Thank you.  I really appreciate you taking the time to help.  Have a good day.