qualified business income

[galenaboy]

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.

[tagteam]

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

[Anonymous]

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