ILLMAS Posted February 11, 2019 Report Share Posted February 11, 2019 Just wondering if someone else has prepared a Pre-QBI worksheet to keep electronically for each qualifying/non-qualifying clients? I prepared one, so I just plug in the amounts on the atx QBI worksheet, then take the same amounts and verify them against online QBI calculator. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 11, 2019 Report Share Posted February 11, 2019 What do you mean by 'Pre-QBI'? Quote Link to comment Share on other sites More sharing options...
ILLMAS Posted February 11, 2019 Author Report Share Posted February 11, 2019 For example Sch E Property 1 $10,000 Profit Property 2 $2,000 Profit Property 3 $6,000 Loss Aggregated Total $6,000 QBI $6,000 x 20% = $1,200 TI $30,000 x 20% = $6,000 Sch C Profit $30,000 1/2 SE $2,295 SEP IRA $3,000 SE Health Ins. $4,000 QBI amount $20,705 QBI $20,705 x 20% = $4,141 Quote Link to comment Share on other sites More sharing options...
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