How do I enter Qualified Business Income (QBI) for estates?
If you have qualified business income, you may qualify for the QBI Deduction. Your qualified business income should be reported on your estate K-1 in Box 14 with Code I. The fiduciary will provide you with a statement with the information needed to figure your QBI deduction, which you can enter on the Qualified Business Income Deduction screen.
If your K-1 doesn't have an attached statement about QBI and you feel it should or if your statement doesn't have all of the necessary information, you should reach out to the fiduciary.
If your K-1 doesn't have an attached statement about QBI and you feel it should or if your statement doesn't have all of the necessary information, you should reach out to the fiduciary.
