How To Aggregate Businesses Under Section 1.199A-4
by Intuit• Updated 2 months ago
This article will help you link business income to show an aggregation of business operations as discussed in Section 1.199A-4 and generate an explanatory statement.
Input Details
ProConnect Tax Online will aggregate all businesses for which you enter the same Aggregate Tax Identification Number. You only need to enter the explanation of aggregation on one of the linked activities in order to generate the required statement. Click on an income type below to learn how to aggregate it.
Results
Once you complete the input, ProConnect Tax Online will generate a worksheet titled Schedule B - Aggregation of Business Operations. Each aggregation will be listed separately, if you have entered multiple aggregate business numbers. Like all worksheets, this will not be automatically e-filed with the tax return, and must be attached as a PDF.
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