PamA
Level 1
11-24-2020
02:12 PM
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How do entities aggregate their QBI calculation in ProSeries? I'm doing projections in the 2020 software. We have 4 separate K-1's from partnerships and an S-Corp that meet the aggregation rules, but separate QBI component calculation sheets are being created even though we have the aggregate box checked on the K-1's. Seems I'm missing a logistical step. Thanks in advance!
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Accountant-Man
Level 12
11-26-2020
04:09 PM
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I wouldn't use 2020 software for this. Do the same calcs in 2019 and check the results.
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riccicpabristol
Level 1
03-11-2021
03:22 PM
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SECTION D2 OF K-1 INPUT - QUALIFIED BUSINESS INCOME DEDUCTION INFO
A - You double click the name of the Entity "to the right" of the QuickZoom tab first.
Then it will link