tonycpa
Level 3
12-06-2019
10:40 PM
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How do you get ProSeries to deduct section 179 when calculating QBI?
My specific example regarding an S Corp K-1:
Ordinary income = 100,000
Section 179 = 50,000
Proseries calculation of QBI ignores the Section 179 and calcualtes at ord 100,000, ignores Section 179 x 20% = 20,000 QBI Deduction
Should be Ordinary 100,000 - Section 179 50,000 = 50,000 QBI x 20% = 10,000 QBI Deduction
What is the best way to handle this?
When is an update addressing this issue coming?
Best Answer Click here
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