spb
Level 3

ProSeries is capable of properly handling the deduction (for general income tax purposes) of the specially allocated depreciation deduction attributable to partners who have a Section 754 basis step-up.  However, that deduction should also be showing on the Statement A, under "other deductions" for the UBI computations associated with Sec 199A, but the "other deductions" field is blank.  Furthermore, the unadjusted basis should also be accounted for and although it appears to be handled at the bottom of the asset entry worksheet, the basis nevertheless does not transfer into the unadjusted basis calculations.  Is Intuit working on fixing this?  Has anybody developed a reasonable work-around?  Obviously, we could force-fit and override the numbers, but a professional product shouldn't need such an approach.

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