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April 16, 2022
Question

How to Adjust QBI

  • April 16, 2022
  • 1 reply
  • 0 views

I accidentally answered "No" to the QBI question.  Now the TT desktop version will not allow me to go back to answer yes and calculate the deduction for me.  Before I attempt a manual adjustment, does anyone know how to fix this?  Thank you! 

    1 reply

    PatriciaV
    Employee
    April 17, 2022

    Since you are using TurboTax CD/Download for Desktop, you can access the related form using Forms Mode. Check the QBI box, then either complete the QBI section on the related form or return to Step-by-Step to complete the interview.

     

    To indicate Section 199A/QBI:

    1. Schedule C:  box at the top
    2. Schedule E Wks for related Rental Property: under Line 22 
    3. QBI for Schedule K-1:
      K-1 Partner Section D2
      K-1 S-Corp Section D1

    Additional Info: 

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