How is the Section 179 expense deduction for QBI on 1120S Schedule K, line 17d calculated by ProConnect Tax?

The program assumes that ordinary income, ordinary gain (loss) on disposition of section 179 assets (excluding Section 1231 gain), and rental income without regard to pass-through income, less allowable Section 179 expense, represent Qualified Business Income. Qualified Business Income is included on the Schedule K, line 17d supporting statement and is allocated to the Schedule K-1 based on the shareholder's percentage of ownership. See Form 1120S instructions for more information regarding Qualified Business Income.

Because of this assumption, the following overrides can be used to adjust the amounts reported:

1. Go to Schedule K ⮕ Other Schedule K Items
2. Scroll down to the Section 199A (QBI) Information section.
3. Enter the desired amounts in the override fields