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Level 1
December 7, 2019
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Section 179 recapture from S Corp not included in QBI?

  • December 7, 2019
  • 1 reply
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Best answer by itonewbie

We believe Intuit took an incorrect position and despite all the citations and explanations we have provided over the last few weeks (on and offline) and escalation by the moderators, we still have not received a full response.  We have also asked them to provide a rebuttal with their own citations, so that we can review those in more details, in case they believe our understanding of the law is incorrect but we have received no update thus far despite multiple follow-up.

FWIW, here's a link to the thread I referred to: https://accountants-community.intuit.com/questions/1805981-problems-with-the-calc-of-qbi-and-section...

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

We believe Intuit took an incorrect position and despite all the citations and explanations we have provided over the last few weeks (on and offline) and escalation by the moderators, we still have not received a full response.  We have also asked them to provide a rebuttal with their own citations, so that we can review those in more details, in case they believe our understanding of the law is incorrect but we have received no update thus far despite multiple follow-up.

FWIW, here's a link to the thread I referred to: https://accountants-community.intuit.com/questions/1805981-problems-with-the-calc-of-qbi-and-section...

---------------------------------------------------------------------------------Still an AllStar