abctax55
Level 15
12-07-2019
09:13 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"I prepared both the 1120-S..."
So did you, or did you NOT, prepare the Corporate return?
Eligibility of the income for QBI deduction is determined AT THE ENTITY level....
THOSE numbers, if qualified, show in line 17 of the K-1.
(edited...line 20 is for a K-1 from a partnership...line 17 is for a K-1 from a S-Corp) Thx George.
And leave Jane alone, 'kay?
The hundreds of folks posting in this forum have been able to get PS to handle the QBI reporting correctly IF the data is entered correctly. Folks have given you the specific ways of entering it, yet the "software" is still doing it wrong, just for you? Methinks PEBKAC
So did you, or did you NOT, prepare the Corporate return?
Eligibility of the income for QBI deduction is determined AT THE ENTITY level....
THOSE numbers, if qualified, show in line 17 of the K-1.
(edited...line 20 is for a K-1 from a partnership...line 17 is for a K-1 from a S-Corp) Thx George.
And leave Jane alone, 'kay?
The hundreds of folks posting in this forum have been able to get PS to handle the QBI reporting correctly IF the data is entered correctly. Folks have given you the specific ways of entering it, yet the "software" is still doing it wrong, just for you? Methinks PEBKAC
HumanKind... Be Both