Is QBI not converting?

Forum|Forum|6 years ago
December 7, 2019
2 replies
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Best answer by itonewbie

If you are looking for just YOY comparison, QBID does get proforma'ed. It will come through to Other > Prior Year Summary > Federal Prior Year Summary > Tax Computation > Qualified business income deduction and appear in the YOY comparison.

If you are talking about carryover of losses from qualified businesses, I haven't checked but would presume that these would be included in the proforma. In any case, we're still in the early days.

itonewbieAnswer

Level 15

If you are looking for just YOY comparison, QBID does get proforma'ed. It will come through to Other > Prior Year Summary > Federal Prior Year Summary > Tax Computation > Qualified business income deduction and appear in the YOY comparison.

If you are talking about carryover of losses from qualified businesses, I haven't checked but would presume that these would be included in the proforma. In any case, we're still in the early days.

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itonewbie

Level 15

@bulldogcpa Giving a no vote will not help you. If this is not what you're looking for, you may like to clarify what it is instead. It was you who said you were looking for the YOY comparison.

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itonewbie

Level 15

QBI does not convert to anything under §199A. What exactly are you referring to?

If you believe QBID is not being computed correctly, please provide more specifics so that someone may be able to help.

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B

bulldogcpaAuthor

Level 3

Converting 2018 to 2019 -- the QBI is not carried forward to the Two-Year Comparison report.

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