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- Have several partnership returns that the UBIA of Qualified property is not including the building, only the most recent years assets? Not calculating correctly
Have several partnership returns that the UBIA of Qualified property is not including the building, only the most recent years assets? Not calculating correctly
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gpsgreg
Level 1
yesterday
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Help! I have several partnership returns that the UBIA calculation that is then on each partners K-1 is not calculated correctly. Building purchased in 2010 as a 39 year asset, is not calculating, yet it is bringing the last asset , a 7 year asset in 19 is correctly and the only asset being calculated. All other assets were 5-7 year assets purchased in 2012 and rightfully have dropped off the calculation. Not sure why the buildings have not been calculated into the formula.????
