cvasquez
Level 1
Monday
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Hi,
Would anyone know why Proconnect form 8995 Qualified Business Income deduction (simplified computation) is only picking up one of my S-Corp shareholders allocated income instead of the required 2?
cvasquez
Level 1
Monday
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Figured it out, like many aspects of Intuit pro tax connect, the upload feature for K-1 is not very user friendly. You only see one of the shareholders to upload and then you are asked to upload a "New K-1" which makes it seem like it has nothing to do with the existing K-1's on the S-Corp in question. So, just choose Upload a New K-1 to capture the second shareholder.
