where on the form 1065 do I input to get the unadjusted basis for qualified property?

[Eric Daley]

where on the form 1065 do I input to get the unadjusted basis for qualified property? I thought you would go to the detail of each fixed asset and click on "Activity name or number".  When I do that, the drop-down gives me only one option to click on...."Undefined." So I did that for all fixed assets and only a portion of the fixed assets came up as qualifying for the calculation of unadjusted basis for qualified property. Any help would be great.  

[George4Tacks]

Before selecting activity, you need to select Form. Is the asset tied to 1=1065 or maybe it is tied to 3=8825 or ...?  

[Eric Daley]

Thanks George for responding. I did assign it to Form 8825 # 3 (it is rental real estate).

[George4Tacks]

You should be able to leave the activity number blank, if you only have one rental

Look at the K-1 and scroll down pages to the statement A.  You should find the UBIA there.

[Eric Daley]

OK, it is picking up some of the fixed assets as qualified but not nearly all of them. It lists maybe 20 of the total 75 fixed assets. I don't know why it is leaving some of them out. Almost all of the fixed assets should qualify except for the step-ups. Again, thanks for your help on this.

[George4Tacks]

Are some assets fully depreciated? Are some assets past their "best by" date? Look up what constitutes UBIA. Support will be open tomorrow, you should likely contact them.

[Eric Daley]

Yes, I'll check into that and call tomorrow as well. Have a great day George.