Level 2

Multi-layer QBI

Forum|Forum|7 years ago
April 11, 2019
1 reply
4 views

In the Individual module passthru K-1 entry screen, there is a table to enter the 199A QBI info for multiple entities flowing through from the K-1. However, in the Partnership and S-Corp modules, if I have a similar situation with K-1s, there is not a table but rather entry for effectively just one entity. How do I handle multiple companies flowing through the K-1 to a passthru entity?

Lacerte Tax

This topic has been closed for replies.

M

mdavolio

Level 4

Hi,

Please set up a separate pass-through entity to enter additional QBI components. The information will be properly reported on the partnership / S corporation K-1s.

Thank you,

Mike D'Avolio

T

Tax310Author

Level 2

Thanks for the work-around.

Would be great if this could be done in a table like with the Individual module for quicker entry, and also for the software to handle K-1 export/import. It's a lot of extra work to have to type this info over and over for investor clients that are structured this way but that can't be aggregated.

M

mdavolio

Level 4

I spoke to the product developer passed along your suggestion. We'll consider adding this functionality to the product on a future release. Thank you kindly for offering your input.

Mike

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded