Article Date:
December 2019

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Q&A: QBI Calculation Conundrum?



I’m doing a tax year 2018 Section 199A calculation for a client and I’m getting different answers from different software programs. Help!


Here are the facts:



Married filing jointly with $375,000 taxable income


Schedule C from medical services with net qualified business income (QBI) of $650,000, wages of $150,000, and unadjusted basis in assets (UBIA) of $35,000


Schedule C from retail sales with net QBI loss of $250,000, wages of $60,000, and UBIA of $15,000 ... Log in to view full article.

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