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K-1 199A Information not exporting to 1040

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Level 1

In exporting my partnership K-1 to one of the partners, I realized that the Line 20 QBID information does not get exported into the 1040 module.  Hopefully this is addressed soon.

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6 Replies 6
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Level 2

I've noticed the same thing here.  Also I have some business income reported as "Income subject to self-employment tax".  This is being included in QBI but as a negative. There doesn't seem to be any explanation of how they get from Income to deduction either. 

Dennis McFerran, RTRP, San Jose, CA

 

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Level 15

Just to be clear, are you referring to TY2018?

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Still an AllStar
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Level 2

My comment is about 2019.

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Level 15

Isn't it a bit early for K-1?

In any case, what are you expecting to export for TY2019 since details for §199A would now be recorded on a supplement statement rather than with separate codes on the K-1 itself?

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Still an AllStar
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Level 1

I am referring to 2019.  The supplemental data should be exported to the applicable line 20Z field as it was last year.

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Level 15

Statement A is new.  Let's hope Intuit will map those numbers for import at some point.

@IntuitAustin What is Intuit's plan for the new Statement A for both 1065 and 1120S K-1, for PS, Lacerte, and PTO?  Thanks!

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Still an AllStar