itonewbie
Level 15
12-07-2019
07:44 AM
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The S-corp is required to report pass-through QBI items from other RPE's per §1.199A-6(b)(3)(ii). If W-2 wages and UBIA were not reported on the K-1, it would be treated as if those items have a value of zero. An amended K-1 would be required if there should be W-2 wages and UBIA from the LLC/partnership.
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