note we can't see your return so can't say whether you qualify or not. does the K-1 reflect the QBI info in box17? has the info been entered in the QBI section of the k-1 which is actually in a section below the k-1
are you any of these:
SSTBs excluded from your qualified trades or businesses. A SSTB is generally excluded from the definition of qualified trade or business.
An SSTB is any trade or business providing services in the fields of:
Health;
Law;
Accounting;
Actuarial science;
Performing arts;
Consulting;
Athletics;
Financial services;
Brokerage services;
Investing and investment management;
Trading or dealing in securities;
Partnership interests;
Commodities;
Any trade or business where the principal asset is the reputation or skill of one or more of its employees or owners, as demonstrated by:
–Receiving fees, compensation, or other income for endorsing products or services;
–Licensing or receiving fees, compensation or other income for the use of taxpayer’s image, likeness, name, signature, voice, trademark, or any other symbols associated with the individual’s identity; or
–Receiving fees, compensation, or other income for appearing at an event or on radio, television, or another media format.
if not perhaps it's because the IRS hasn't finalized the form. s-corp wages do not count as QBI. also QBI from an s corp must be reduced by any expenses offsetting the income. this would include SE health insurance and any contributions to a retirement plan reflected on line 15 of schedule 1
