1040 worksheet nonpassive activities exported

Nonpassive Category
Schedule C
Schedule E (Rental Only)
Schedule F
Taxpayer’s Self-Employment Income
X
X
X
Spouse’s Self-Employment Income
X
X
X
Qualified Business Income: Service Business (Y/N)
X
X
X
Qualified Business Income: W-2 Wages
X
X
X
Qualified Business Income: Unadjusted Basis of Prop
X
X
X
note
If Activity Type = Rental Real Estate - Real Estate Professional, we do not export the activity information.
Bloomberg Tax Planner wants to calculate qualified business income (QBI). Therefore, the cell in Bloomberg Tax Planner for QBI is not available for import and it is a calculation only. Items like service business, W-2 wages, and unadjusted basis of property are inputs to the Bloomberg Tax Planner calculation of QBI.

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