PATAX
Level 15

Client has a K-1 with loss from an S corp where client is 50% owner... No qbi supplemental information was provided with the K1 and no basis statement was provided either... Client has no other qbi activity on 1040 , and client does have basis much greater than the k1 loss... I called client and he said he gave me all the information that he received... I am hesitant about completing the return without the qbi supplemental information statement and the basis statement, even though I would be confident that the calculations on return would be accurate... What do you guys think? Thanks in advance...

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