patrickfields
Level 3
12-07-2019
01:29 AM
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What is this? "Check box to opt out of including section 179 deduction in QBI" on the Section 199 Summary Worksheet on an 1120S?
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itonewbie
Level 15
12-07-2019
01:29 AM
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This is an stopgap solution from Intuit for what we believe is an incorrect tax position they have taken on §179 with respect to pass-through from s-corp, at both the RPE and individual levels.
There's still an ongoing technical discussion with Intuit. See this thread for the details: https://accountants-community.intuit.com/questions/1805981-problems-with-the-calc-of-qbi-and-section...
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