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February 15, 2023
Question

Why is my Schedule F and E aggregated for QBI purposes? How can I deselect the aggregation?

  • February 15, 2023
  • 1 reply
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    1 reply

    AliciaP1
    February 15, 2023

    All QBI is considered in total to calculate your possible deduction or potential QBI loss carryforward if needed.

     

    See What is the Qualified Business Income (QBI) deduction? for more information.

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    kcsmelkerAuthor
    February 15, 2023

    I have a schedule C that did not get aggregated and is listed separate on the 8995 so that doesn't make since.

    AliciaP1
    February 15, 2023

    Specific types of QBI income may be treated slightly differently when calculating limits for the allowable credit.

     

    See Qualified Business Income Deduction for specifics from the IRS.

     

    @kcsmelker

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