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February 28, 2024
Question

Why isn't my K-1 from a Subchapter S corporation not being included in the QBI deduction for 2023? I am under the income limit.

  • February 28, 2024
  • 1 reply
  • 0 views
It has always been included in past returns that TurboTax calculated.

1 reply

February 28, 2024

Does you IRS Schedule K-1 (1120-S) include Code V in box 17?  Sometimes the Code V is entered but the detail related to the code is found a separate Statement A.

 

You should also have selected an entry on the screen We see you have Section 199A income.

 

 

 

 

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