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k-1 with 100 QBI (199a) activities

jw-rogers
Level 3

Have a new client with a k-1 that has 100 QBI activities on box 20z, any friendly advice on what to do here? 

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4 Comments 4
sjrcpa
Level 15

Is each one piddly? I've been known to combine them.


Ex-AllStar
jw-rogers
Level 3

There's rental and ordinary income ranging from $1 to $400, I could combine them based on that, they do appear to be apportioned, so I see the logic there. 

dascpa
Level 11

It amazes me that most software cannot create totals.  I've also had a zillion QBI components that I've had to throw into Excel to add up.  Same with many investment houses who have the foreign tax income or the % free of state tax items but cannot add in a total column.  We should make software engineers prepare their own tax returns.  Grr.

Terry53029
Level 14
Level 14

On the K1 to the left of each line is an icon of a note pad, and if you click on that you can put as many items as you like, and it will add them for you