tonycpa
Level 3

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?

0 Cheers