Question

Schedule C QBI Line L.1, says it need a number that is less than the business income from part 1.

Forum|Forum|7 years ago
June 1, 2019
1 reply
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The business lost money, so Part 1 is negative. Line L.1 won't accept a zero or blank nor can I figure out how to override it.

TurboTax Home & Biz Windows

DawnC0

Employee

You can't take the deduction if the business had a loss. The deduction is generally 20% of qualified business income. I am not sure which form you are looking at, but the QBI component worksheet gets its info from the QBI Summary at the bottom of the Schedule C. Be careful overriding information here as this will void the Accuracy Guarantee.