mikejuby369
Level 3
12-07-2019
12:46 AM
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How does an S-Corp (1120S) with rental income from a triple-net lease indicate that the income does not qualify for 199A treatment?
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itonewbie
Level 15
12-07-2019
12:46 AM
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Go to Screen 27 and check the box to "Exclude rental activities" under 199A. You can see this article for more info: https://accountants-community.intuit.com/articles/1807507-lacerte-qbi-section-199a-partnership-and-s...
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mikejuby369
Level 3
12-07-2019
12:46 AM
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Thanks for this information. I'm new to Proconnect and had not seen Screen #'s used before. How can I find a specific screen number in the program?
itonewbie
Level 15
12-07-2019
12:46 AM
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My apologies for not being clear. Was thinking your question was about Lacerte.
In PTO, you'd find that same checkbox under Schedule K > Other Schedule K Items > Other Information
In PTO, you'd find that same checkbox under Schedule K > Other Schedule K Items > Other Information
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itonewbie
Level 15
12-07-2019
12:46 AM
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Browser error. Removed duplicate.
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