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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- PARTNERSHIP QBI CORRECTION
PARTNERSHIP QBI CORRECTION
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Doug Cooper
Level 1
07-22-2022
03:32 PM
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The QBI section does not allow for special allocation of UBIA or 743 (b) depreciation. This is common allocation that needs to be made and a correct return can not be prepared without this being corrected when it applies to a return.
