tccpg289
Level 4
03-22-2024
10:21 AM
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I want to ensure a business is marked eligible for 199A in ProConnect.
It is an S-Corp with a single owner.
Is it entered on the 1040 return or the 1120-S, and where specifically to ensure it is calculating properly?
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sjrcpa
Level 15
03-22-2024
01:21 PM
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It has to first be on the 1120-S K-1.
Individual picks up the K-1 199A info for their personal return.
The more I know the more I don’t know.
tccpg289
Level 4
03-22-2024
02:53 PM
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Can you confirm where it gets entered on the corp?
sjrcpa
Level 15
03-22-2024
03:18 PM
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I cannot. I don't use ProSeries.
The more I know the more I don’t know.