Level 2

Solved

Is the199A complex worksheet et.al working for Partnerships, and S-Corps? Intuit, give an answer so we can stop banging our heads against software or educate ourselves.

Forum|Forum|6 years ago
December 7, 2019
5 replies
29 views

Is the199A complex worksheet et.al working for Partnerships, and S-Corps?

I have spent hours in the software, and online following instructions, but it is not calculating and/or pulling through to the QBI Deduction Summary, or the 1040. The only schedule that pulls through is the Schedule C.

There are community responses indicating that it is NOT working, and there are responses that say, "follow the instructions and it will work.”

Intuit, kindly give us a nice clean answer so we can either stop banging our heads against the software or educate ourselves more thoroughly.

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

"There are community responses indicating that it is NOT working, and there are responses that say, "follow the instructions and it will work.” "

Maybe you're misunderstanding what those posts are asking about.

Do Business returns that issue K-1s now include the QBI information on the K-1s? YES

Is the 1040 ready to accommodate those K-1s and compute the QBI? NO

Sch C, E and F all work, just none of the K-1 computations, yet.

Just-Lisa-Now-

Answer

Intuit Community Champion

"There are community responses indicating that it is NOT working, and there are responses that say, "follow the instructions and it will work.” "

Maybe you're misunderstanding what those posts are asking about.

Do Business returns that issue K-1s now include the QBI information on the K-1s? YES

Is the 1040 ready to accommodate those K-1s and compute the QBI? NO

Sch C, E and F all work, just none of the K-1 computations, yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

V

VSMHRAuthor

Level 2

Thank you, very helpful! I am wondering if you are with Intuit? And if NOT, how did you come to have the knowledge to answer this so clearly, comprehensively, and confidently?

IRonMaN

Level 15

"Is the199A complex worksheet et.al working for Partnerships, and S-Corps?"

No.

That's as clean as I can get it without getting a jug of bleach out and scrubbing it.

Slava Ukraini!

abctax55

Level 15

"....or educate ourselves more thoroughly."

I'd go that route, even when the software IS up & running. I'm not trusting the software this year nearly as much as I have in the past.

HumanKind... Be Both

itonewbie

Level 15

Nope, never trust any software until it jives with how I'd calculate things manually. And if it's any different, I'd double check the logic to see whether I got it wrong or the other way around and why.

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

George4Tacks

Level 15

https://accountants-community.intuit.com/articles/1786756-proseries-simplified-worksheet-section-199...

Answers are easy. Questions are hard!

V

VSMHRAuthor

Level 2

Thank you, and this helped enter the data, but I could not see that it helped to understand why the values were not pulling through to the QBI Summary and 1040. Thank you again.

abctax55

Level 15

We are *all* just users of Intuit software, just like you. Except for the occasional employee/moderator that stops by, and they are so identified by their "handle".

HumanKind... Be Both

Sign up

Login with SSO

Let's get you signed in

Login with SSO