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Level 2
April 18, 2021
Question

QBI deduction for rental Schedule E is not appearing on 8995-A.....The rental property is for an S corp owned by the 100% shareholder.Not sure why the deduction is not showing on the form. The rental property is a trade or business according to my u

  • April 18, 2021
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abctax55
Level 15
April 18, 2021

Left side, under "Sections" - did you complete the info under *Qualified Business Income Deduction*?

 

HumanKind... Be Both
Level 2
April 18, 2021

The section was completed still no deduction .....the deduction showed last year but not this year...

abctax55
Level 15
April 19, 2021

To the left of line 13, there a link, in green "WKS".  Click on that.

How much is the total income on the return?

HumanKind... Be Both