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PhoebeRoberts
Intuit Community Champion
December 7, 2019
Solved

Anyone happen to have already asked about 951A Income?

  • December 7, 2019
  • 2 replies
  • 19 views

I've got a PTP K-1 with Sec 951A income. The correct tax return presentation is anything treated as ordinary / nonpassive / subject to NIIT, so I'd be happy with any of Line 21, non-qualified dividends, or SchEp2 nonpassive income.

In the 1040 package, there are new input fields for 951A income (new this year!), 965(a) inclusion (last year I concluded that Line 21 was the IRS-preferred presentation), and Other Subpart F (non-qualified dividends per my longstanding notes).

As of today, entries in those fields go nowhere, and produce no diagnostic to that effect. F1 Help just has the field name. There's a 40 minute hold time to report the issue. Any chance anyone else has already talked to tech support about this? If so, is it anticipated that these fields will actually work later?

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Best answer by PhoebeRoberts

Per tech support, this will be fixed on the March 5th update.

2 replies

PhoebeRoberts
PhoebeRobertsIntuit Community ChampionAuthorAnswer
Intuit Community Champion
December 7, 2019

Per tech support, this will be fixed on the March 5th update.

abctax55
Level 15
December 7, 2019
Did you really get an answer from support in about 30 minutes... W O W, I'm impressed :joy::joy:
HumanKind... Be Both
abctax55
Level 15
December 7, 2019

I haven't seen ANY PTP K-1's yet....this season is starting off more slowly than any one I can remember.  Our weather has played a big part in that issue also.  I'm dreading March.

HumanKind... Be Both
PhoebeRoberts
Intuit Community Champion
December 7, 2019
Woe betide me for having two in. Woe betide our politicians and their "tax simplification." So much woe! :)