itonewbie
Level 15

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.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post