mdaviscpa
Level 2
@itonewbie thanks to you and @Ernie for weighing in on this, by the way. Sorry, yes I am preparing the 1120S to include input from the 1065 K1 received by the S Corp. I am also preparing the Individual return that the 1120S K1 will flow to.  Again the problem is that when I then import the 1120S K1 into the 1040 via ProSeries import, line 17 of the S Corp K1 worksheet in the 1040 return brings in the net income of the 1120 K1 line 1 as QBI but does not bring over the Wages or the UBIA that flowed from the lower tier partnership. I really believe (and I think? you agree) that just because the 1120S entity in and of itself has no wages, it doesn't mean that the Wages from the lower tier partnership should be flowing to the individual 1040. I believe it is a program workflow issue.
0 Cheers