Question

QBID

Forum|Forum|5 years ago
October 2, 2020
1 reply
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Are there step by step instructions for filling out the QBID worksheet? I accessed the worksheet via 1040 line 10, but TurboTax won't let me enter information.

TurboTax Home & Biz Windows

A

Anonymous

in forms mode, you can go to the worksheet for the entity from which you will derive the QBID deduction.

it could be schedule C, E, or a k-1. on the worksheet there is a section to enter the info. on schedule C it's just below line 48. on a partnership k-1 it's section d1 and d2 (in d1 it says shareholder share. it should say shareholder or partner share) this is where you enter the QBID info for ordinary income, W2 wages and UBiA (unadjusted basis in assets). there are similar sections for schedule E and other types of k-1's.

A

Anonymous_

Employee

@12309 wrote:

in forms mode, you can go to the worksheet for the entity from which you will derive the QBID deduction.

it could be schedule C, E, or a k-1. on the worksheet there is a section to enter the info.

At least one of those schedules, Schedule C, is non-fillable; it requires overrides.

Manual entries on K-1s should work, however.

A

Anonymous

are you sure about schedule C. I have it and am using the desktop deluxe version, I had no problem filling in schedule C or the QBID info below line 48.

for A use quickzoom to link

B&C automatic

D needs to be answered

E1 automatic from net income on schedule C

others lines may need entries.