For 1040NR only the Qualified Business Income Componet wkst table and line 1 on the 1040NR package isn't correct.

Forum|Forum|2 years ago
December 29, 2023
1 reply
13 views

On the 1040NR package Qualified Business Income Componet wkst isn't correct. The QBI from Schedule C Profit calculation should be reduced by the deductible part of the self-employment tax from the Schedule 1 Part II line 15.

Please copy the formula from the 1040 package Qualified Business Income Componet wkst table and line 1 to the 1040NR package, thanks.

Individual

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itonewbie

Level 15

Is this a dual-status nonresident return? If so, did your client derive the SE-income during the resident period?

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

T

TaxService USAAuthor

Level 3

No it was just a 1040NR return and it came to a different result than when prepared in the standard 1040 package using the same details.

The only difference was that Qualified Business Income Component wkst table and line 1 on the 1040NR package isn't correct.

itonewbie

Level 15

Any reason why your NRA client is subject to SE-tax?

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

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