CGS
Level 2

No Answer. I have also attached, by pdf, my original election from 1999 or whatever year applied to a particular entity that is filing (I have a lot of 754 elections) even though I do not think it is required.

Can't get through by phone (hour plus wait now).  Earlier today, I used the call back feature.  When ProSeries called back, it rang once and I got a dial tone.  Ugh!

I have a more pressing question as it relates to Assets shown in the Asset Entry Worksheet.  If you reflect the Asset as a 754 Adjusted Asset, the Asset will not be included for 199A as a UBIA.  This is not correct per the Final Regs.  The section in the Asset Entry Worksheet for Section 199A Attributes does not work.  I sent ProSeries a Sanitized copy of a partnership....No Answer.

 

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