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199A division between trust and beneficiary
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PortlandBarb
Level 1
04-07-2022
02:50 PM
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I am doing a 199A division between a trust and a beneficiary. After several attempts to discuss with ProSeries support, I realized that the trust (which retained less than $164,900 of income) was being denied the deduction. Instead the limitation appears to be calculated before the DNI deduction is applied. Reading the Regulations under Reg. Sec. 199A-6, I believe that this is wrong. Has anyone else had this issue? At this point I am going to have to paper file the return, explaining that I believe that the calculation in the program is wrong. I cannot find anyone who really knows what is going on although I was offered another round of "expert" advice to see if there was a problem.
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