Qualified business income (QBI) from royalties (1040)
Royalties entered in the
Rents and Royalties
folder, with 6 = Royalties
entered in the Type
field, won’t be included in QBI. If you have royalties from an oil and gas well that you’ve determined should be included in QBI, enter the net royalty income in the
Qualified business income (Force)
field on the Rent-2
screen.Oil and gas royalties from a working interest reported on Schedule C will be included in QBI.
