Calculating Qualified business income deduction

Forum|Forum|5 years ago
January 31, 2021
1 reply
8 views

The worksheet for calculating Qualified business income deduction (line 13, 1040SR) is not picking up my Schedule E income. It picks up all Schedule C income but isn't finding Schedule E income. Am I missing something?

Lacerte Tax

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itonewbie

Level 15

See Schedule E Rental and Royalty Input in this article for steps to follow:

https://proconnect.intuit.com/community/business-tax-credits-and-deductions/help/how-to-enter-and-calculate-the-qualified-business-income/00/5019

---------------------------------------------------------------------------------Still an AllStar

M

MrD1Author

Level 3

Thank you, itonewbie. That got the Schedule E picked up on the worksheet. However, it doesn't appear to calculate and show up on line 13. Not sure if I'm still missing something or if the calculation is simply 0.

Thanks again.

Mike D.

itonewbie

Level 15

Did you follow the money on F.8995/8995-A as well as the worksheet? If you can pinpoint what might not be right, someone may be able to clue in on the additional input that may be required. Otherwise, these calculations should work properly.

---------------------------------------------------------------------------------Still an AllStar

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