Question

My K1 says no QBI. Why is turbo tax including forms for QBI?

Forum|Forum|2 years ago
March 12, 2024
1 reply
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The K1 form says no QBI. Turbo tax keeps adding the forms for QBI and this is incorrect. I cannot delete the forms.

TurboTax Online

Qualified business income (QBI) often comes from an entry on schedule K-1, but it can also come from other sources such as rental or self-employment income. It can also come from a QBI carryover from a previous year. So, the schedule 8995 that reports QBI may be required on your return even if you don't have QBI reported on your K-1 schedules this year. I suggest you look at the Form 8995 in your program before you file your tax return to see what is listed there.

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