Skip to main content
Level 2
April 29, 2020
Question

Qualified Business Income Deduction

  • April 29, 2020
  • 1 reply
  • 3 views

Does K-1 income from a sub S corporation qualify. If so , how do I trigger the calculation

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
April 29, 2020

The QBI determination is made at the S Corp level. If it is a QBI, the information needed to compute the 199A deduction will be on the K-1.

The more I know the more I don’t know.