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Level 2
December 7, 2019
Solved

Why won't ProSeries basic calculate the QBI deduction for a 1120S K-1?

I've entered all the necessary data for ProSeries Basic 1040 to calculate the QBI deduction for a SCorp K-1 and it still won't calculate it.  I also have a Sch C in this tax return and that QBI deduction is calculating properly.  

For some reason, it won't bring the K-1 data into the summary worksheet for a proper total QBI calculation.

Help!

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garman22Answer
Intuit Community Champion
December 7, 2019

Its not ready for Primetime, yet. I truly hope this week or early next. I also would like to take it for a test drive. 

4 replies

garman22Intuit Community ChampionAnswer
Intuit Community Champion
December 7, 2019

Its not ready for Primetime, yet. I truly hope this week or early next. I also would like to take it for a test drive. 

IRonMaN
Level 15
December 7, 2019
9,123,557,668,789,987,364,145,444,157 - give or take 2.
Slava Ukraini!