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Level 2
August 9, 2022
Question

Intuit Tax Advisor

  • August 9, 2022
  • 1 reply
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I cannot get the new Intuit Tax Advisor to calculate QBI. Any thoughts? 

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1 reply

Moderator
August 9, 2022

Thank you for using the community, and welcome! 

We tested and QBI is calculating on our side. To view:

In ITA under the header Pre Strategy Baseline
Scroll down to Business Income, click on the Activity Example: "Schedule C", it is a blue clickable link.
You can increase or decrease Gross Receipts, this will calculate QBI, You can also click on the Activity to add additional items allocable to QBI

Then click on the top click on Review Plan and scroll down to the section: Qualified business income deduction towards the bottom to review. the amount for QBI will be calculated there.

 

BtempAuthor
Level 2
August 9, 2022

Have you tried testing this under an S-Corporation rather than a schedule C business?