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eshippee
Returning Member

Stuck at Qualified Business Income Deduction window and not able to move past it.

What does one do when section 199A income comes from a Form 4797 and you have no k-1 as you are operating as a sole proprietor?

MarilynG
Expert Alumni

Stuck at Qualified Business Income Deduction window and not able to move past it.

You need the Self-Employed version of TurboTax to take the Qualified Business Income deduction.  Premier will allow you to enter self-employment income, but it does not allow the entry of self-employment expenses or deductions.  

 

If you were self-employed or a small business using Schedule C, you probably qualify for the qualified business income (QBI) deduction. We'll automatically determine if you qualify and how large the deduction is.

 

If you’d like to know more about the qualified business income deduction and how it’s calculated, we’ve got more information about it.

 

 

@eshippee

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