QBI form

[kathyc2]

Looks like QBI deduction will be getting a form next year.

Short form: https://www.irs.gov/pub/irs-dft/f8995--dft.pdf

Long form: https://www.irs.gov/pub/irs-dft/f8995a--dft.pdf

[Y2KEA]

Are we having fun yet?

[JON]

Yeah!!!????

[Jiggers]

About time. Just a year late. I struggled through several CPE classes put on by the best, and they had no worksheets. Just their comments and lots of words printed on numerous pages. I can't convert "comments" and "words printed on numerous pages" to a dollar amount. It wasn't until I ran the first return with QBI on my software, and that software's worksheets did more to help me understand the QBI than anything else. It was on a large farmer, and what I thought the number should have been wasn't. I use Drake's worksheets and with the telephone support, I was able to arrive at the number the Drake was arriving at, and I understood why Drake was correct. I never had another problem with any other QBI calculations, and I had numerous.