What is this? "Check box to opt out of including section 179 deduction in QBI" on the Section 199 Summary Worksheet on an 1120S?

[patrickfields]

What is this? "Check box to opt out of including section 179 deduction in QBI" on the Section 199 Summary Worksheet on an 1120S?

[itonewbie · Accepted solution]

This is an stopgap solution from Intuit for what we believe is an incorrect tax position they have taken on §179 with respect to pass-through from s-corp, at both the RPE and individual levels.

There's still an ongoing technical discussion with Intuit.  See this thread for the details: https://accountants-community.intuit.com/questions/1805981-problems-with-the-calc-of-qbi-and-section...