Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 199A division between trust and beneficiary
199A division between trust and beneficiary
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
PortlandBarb
Level 1
04-07-2022
02:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
Labels
