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- UBIA not listed on K1
UBIA not listed on K1
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MarkL
Level 2
03-31-2021
10:11 AM
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Hello,
I have a client that has a real estate business with hundreds of rental properties and files as an S-Corp Since 199A was started, the UBIA is not reported on the K1's for the shareholders.
I have to add this up manually from the corp. 199A forms and enter it onto the K1 for their personal returns in section D1 along with QBI.
Am I missing something? Why would this not be on the K1 provided from the S-Corp, and how would a shareholder not associated with the S-Corp know these numbers for their return, are they not entitled to claim the credit on the 8995/A?
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