Why won't the software pick up my w2 income from a scorp as qualified business income subject to section 199a deduction?
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W-2 wages that you received from the S corp are not part of your QBI. There is nothing you can do to make them part of your QBI.
W-2 wages that you received from the S corp are not part of your QBI. There is nothing you can do to make them part of your QBI.
The program recognizes the EIN from W-2 once you enter information from the K-1. It should automatically pick it up as long as you meet all income requirements for the use of the Section 199a deduction. If you have a loss, there would be no deduction. If your income is too high, over $450,000 adjusted gross income, for MFJ filing status as long as you are not considered a "service organization,." there is no deduction.
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