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Level 1
August 24, 2023
Question

QBI

  • August 24, 2023
  • 3 replies
  • 13 views

2021 is having issues. Amending a 2021 1040. The QBI is being limited out to zero 737,782. From what I have read it should still be available. Please comment.

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3 replies

Just-Lisa-Now-
Intuit Community Champion
August 24, 2023

not sure what that 737,782 means in your sentence, but you'll need to follow the money on the 8995A and see why its limiting it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
PATAX
Level 12
August 27, 2023

Pro Series does a good job on qbi. Double check all numbers and calculations. Reread the rules.

Level 7
August 27, 2023

Sounds like their income is too high for QB.  Is this a SSTB? Do they have wages or property that may allow a deduction?