Rental income on 1120S not qualified for 199A

[mikejuby369]

How does an S-Corp (1120S) with rental income from a triple-net lease indicate that the income does not qualify for 199A treatment?

[itonewbie · Accepted solution]

Go to Screen 27 and check the box to "Exclude rental activities" under 199A.  You can see this article for more info: https://accountants-community.intuit.com/articles/1807507-lacerte-qbi-section-199a-partnership-and-s...

[mikejuby369]

Thanks for this information.  I'm new to Proconnect and had not seen Screen #'s used before.  How can I find a specific screen number in the program?

[itonewbie]

My apologies for not being clear. Was thinking your question was about Lacerte.

In PTO, you'd find that same checkbox under Schedule K > Other Schedule K Items > Other Information

[itonewbie]

Browser error.  Removed duplicate.