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Exporting K-1 information from an S Corp to the shareholder's Form 1040
I could not understand why the information regarding the QBI discount (Form 8995) was not importing from the S Corp K-1 to line 13 of the Form 1040. Tiffani spent the better part of an hour reviewing all of the steps for the S Corp module as well as the Form 1040 module. Everything seemed to be in place, but no number appeared on line 13. So we went to the Form 8995 and wandered around reviewing the calculations. Somehow a negative number was in there showing a carryforward negative number. Once we erased the number, everything fell in place.
