1120S K-1 section 199A income not populating in ProSeries 2019

Forum|Forum|6 years ago
January 13, 2020
6 replies
40 views

Anyone else having issues with 1120S K-1 and imported K-1s to 1040 not populating QBI, Allocable wage, and UBIA data?

Imported K-1 shows two errors. 1. no amount on line 17 code V Section 199A income. When I enter the appropriate amount that error goes away but the second error still shows but no other red boxes anywhere.

ProSeries Professional

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Accountant-Man

Level 13

Since 2018 was the FIRST year of QBI et al, it took a while last year.

There's no reason for its problems to continue this year, but that's the usual way it works.

I am guessing that it is too early for there NOT to be issues with the software.

** I am "Elevating with Intention!"

E

Ephesians3-14

Level 7

Just be careful if you are using the software and advising clients about tax due/refund since QBI is not working. Caution!

D

danthetaxman

Level 4

Today is 2/1/20. Is it still not working? I can't figure out where to put the 1120 K-1 Line 17 info yet. (Ordinary business income & W-2 wages)

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