itonewbie
Level 15
12-07-2019
07:44 AM
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Correct, the S corp doesn't get the benefit of 199A as a PTE.
If W-2 wages and UBIA flowing through the lower-tier partnership are both already reported on the 1120-S K-1 with codes W and X as required, they should flow correctly on the 1040.
What am I missing from the picture you're trying to paint?
If W-2 wages and UBIA flowing through the lower-tier partnership are both already reported on the 1120-S K-1 with codes W and X as required, they should flow correctly on the 1040.
What am I missing from the picture you're trying to paint?
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Still an AllStar
Still an AllStar
